Capital / Liquidity

Philippine Stocks Resume Trading, Central Bank Relaxes Regulations

19/03/2020

The BSP has cut interest rates and relaxed regulations on compliance reporting by banks, calculation of penalties on required reserves, and single borrower limits.

Securities / Derivatives

SBV Directs Banks to Support Borrowers, Cuts Interest Rates

19/03/2020

The central bank  has directed banks to restructure repayment periods, cut interest rates, waive fees and maintain debt classifications to support borrowers.

Securities / Derivatives

S. Korea to Launch Market Stabilisation Funds, More SME Support

19/03/2020

The government has also decided on emergency financial measures worth 50 trillion won to support SMEs and individuals with low credit ratings.

Capital / Liquidity

RBA, APRA Free Up Liquidity, Capital Buffers for Banks

19/03/2020

New measures include an interest rate cut, a bond-buying programme, a term lending facility for banks, and relaxed expectations on bank capital ratios.

Securities / Derivatives

FMA, NZX Announce Support Measures for Listed Companies

19/03/2020

The measures include higher capital raising capacity for issuers, a two month extension for financial reporting, and delays for some regulatory work.

Enforcement

S. Korea Cabinet Approves Financial Consumer Protection Bill

19/03/2020

Under the legislation, six sales regulations will be applied to all financial products, where sellers will be subject to stricter penalties and possible sales bans for violations.

Enforcement

Australia: SocGen Securities Unit Charged for Client Money Rule Breaches

19/03/2020

Societe Generale Securities Australia self-reported three matters over 2017 and 2018, and has completed all remediation actions in relation to its operational set-up.

Securities / Derivatives

Malaysia Allows Listed Companies to Defer Quarterly, Annual Reports

19/03/2020

Listed companies and REITs managers with a financial year-end of 31 December 2019 can also defer their AGMs.

Securities / Derivatives

HKEX to Introduce Master SPSA Service for Fund Managers

18/03/2020

The new service allows pre-trade checking of China A shares for northbound trading at the fund manager level rather than at the individual fund level.