Trading & Investment

CSRC Approves DCE Launch of Hog Futures Product

27/04/2020

China is home to about half of the world’s pigs and produces around 50 million tonnes of pork a year.

Structural Regulation

SEBI Eases Buyback Rules to Enable ‘Quicker Access to Capital’

26/04/2020

Listed companies can raise additional capital after six months from the expiring of the buyback period, compared to one year previously.

Fraud, Scams & Cybercrime

China: Luckin Investors Launch Lawsuit Under New Securities Law

26/04/2020

A lack of cross-border regulation presents a challenge to holding Luckin Coffee entities and executives to account for alleged misconduct and fraud.

Credit Risk

Tax Records Can Provide Banks Assurance for SME Loans: CBIRC

26/04/2020

Small and micro enterprises which cannot provide collateral or guarantees for loans can instead share their tax payment information with commercial banks to obtain funding.

Credit Risk

SEBI Eases Mutual Fund Valuation Norms for Debt Securities

26/04/2020

Valuation agencies need not consider payment delays and maturity extensions resulting from Covid-19 as defaults when valuing money market and debt securities held by mutual funds.

Data Privacy

Open Banking: ACCC Allows Flexibility to Delay Product Data Sharing

26/04/2020

Non-major banks, building societies and credit unions can delay sharing product reference data until 1 November, but are encouraged to begin sharing this data “if they are in a position to do so”.

Credit Risk

Hong Kong Gazettes Banking Rule Amendments to Implement SA-CCR

25/04/2020

The final Basel III standards on SA-CCR and on capital requirements for CCP exposures will come into operation in Hong Kong on 30 June 2021, subject to negative vetting.

Liquidity Risk

Bangladesh Bank Forms $1.8b Lending Facility for Banks, NBFIs

25/04/2020

Under the new scheme, lenders will be able to borrow funds from Bangladesh Bank at 4% and on-lend those funds to industrial and services sector borrowers at 9%.

Liquidity Risk

BSP Eases Asset Cover Rules for Banks’ FX Exposures

25/04/2020

Banks can offset foreign currency asset cover deficiency incurred on one or more days of the week with excess cover from other days of the same or immediately succeeding weeks.