SEBI to Allow Investors Direct Access to Mutual Funds via Stock Exchanges

28/02/2020

The change would allow investors to bypass distributors, investments advisers and other intermediaries when purchasing and redeeming mutual fund units.

Market Infrastructure

Indonesia CSD Goes Live with Nasdaq Technology

28/02/2020

The new CSD platform operates at a rate 40 times faster than the previous system, with the ability to manage up to 80,000 settlement instructions per minute.

Fintech / Regtech

CBIRC Considers New Bad Debt Managers to Resolve P2P Loans

28/02/2020

Companies in Shanghai, Zhejiang and Shenzhen have submitted applications to set up local asset managers to deal with bad loans, particularly those from P2P lending platforms.

RBI Lifts Branch Opening Restrictions for Bandhan Bank

28/02/2020

The ban was imposed in September 2018 for the bank’s failure to reduce its promoter’s ownership below a 40% ceiling within three years of its commencement.

Market Infrastructure

Malaysia Stimulus Package to Boost Financial Sector, SMEs

28/02/2020

The measures include an immediate 12-month waiver of listing-related fees for smaller companies, a new capital market investment fund, and additional financing options for SMEs.

Capital / Liquidity

RBI Extends External Benchmarking to Medium Enterprise Loans

27/02/2020

From 1 April, loans to medium enterprises must be linked to external interest rate benchmarks, expanding on a policy that took effect in October for retail and micro/small enterprise loans.

Capital / Liquidity

BSP Approves ‘Enhanced’ Capital Requirements for Smaller Banks

27/02/2020

The higher capital standards for stand-alone thrifts, rural and cooperative banks include a 6% minimum CET1 ratio, a 7.5% Tier 1 ratio, and a 2.5% capital conservation buffer.

Market Infrastructure

Japan’s Quick Corp Selected to Calculate, Publish Prototype Terms Rates

27/02/2020

Part of the Nikkei Group, Quick Corp will start preparing to calculate and publish prototype term rates based on JPY overnight index swaps.

Market Infrastructure

ASX Finalises Changes to 3-year, 10-year Treasury Bond Futures Roll

27/02/2020

A consultation on the changes received 36 submissions, largely supportive of ASX’s proposals, citing reduced costs, operational efficiencies and improved order management capabilities.