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.

Securities / Derivatives

SEBI Imposes New Margin Collection Norms on Brokers

27/02/2020

From 1 June, collateral accepted by brokers for margin purposes must be held in a separate demat account created in the depository system, tagged as ‘Client Securities Margin Pledge Account’.

Securities / Derivatives

New Securities Law Set to Take Effect in China

27/02/2020

The new law, set to take effect on Sunday, establishes the legal basis for the adoption of a registration-based IPO system across the entire A-share market.

Enforcement

IOOF Faces Shareholder Class Action for Misconduct Non-disclosure

27/02/2020

Reports of potential misconduct first appeared in June 2015, followed by senate hearings and questioning from the Royal Commission, resulting in shareholder losses.

Market Infrastructure

Central Bank to Discontinue Sri Lanka Inter-Bank Offered Rate

27/02/2020

This decision reflects the lack of SLIBOR’s usage of in benchmarking loan products in the domestic financial market, along with a global trend of phasing out IBORs.