Market Infrastructure

China Launches Upgraded Credit Reference System

20/01/2020

The new system covers 5 years of financial records, compared to 2 previously, including information on borrowers’ employment status, co-borrowing records, and utility payment history.

Enforcement

MAS Issues First Penalty for Shareholder Disclosure Breach

20/01/2020

An investor was fined S$200,000 for failing to disclose that he had become a substantial shareholder in a Catalist-listed company, and for subsequent disclosure rule breaches.

Market Infrastructure

NBFI Posing Financial Stability Risk Grows at Slower Pace: FSB

20/01/2020

Non-bank financial intermediation posing bank-like financial stability risks grew by 1.7% in 2018, significantly slower than the 2012-2017 average annual growth rate of 8.5%.

Capital / Liquidity

Sri Lanka Offers Credit Support for Banks to Boost SME Lending

18/01/2020

The new scheme provides risk mitigation support to banks that defer principal repayment and extend new loans for SME borrowers, including those that have defaulted.

Market Infrastructure

Japan to Allow Regional Banks to Expand Outside Core Business

17/01/2020

FSA commissioner Toshihide Endo wants struggling regional lenders to engage with customers and help them grow, as a way to boost bank profitability and regional economies.

Enforcement

Review Panel Offers Recommendations for Improving SFC Operations

17/01/2020

While welcoming the SFC’s front-loaded regulatory approach, the Process Review Panel says the regulator should be aware of its possible unintended effects and consider ways to minimise them.

Enforcement

SEBI Exonerates Nine in NSE ‘Dark Fibre’ Case – Reports

17/01/2020

SEBI said there was no evidence to suggest the nine former and current NSE officials were involved in facilitating preferential market access for selected brokers.

Market Infrastructure

UK Regulators Set Key LIBOR Transition Deadlines

17/01/2020

Market makers have until 2 March to adopt SONIA as the market convention for issuing sterling interest rate swaps, and until Q3 to end all new issuances of LIBOR-based cash products.

ESG / Sustainability

Hong Kong, Thailand Set to Sign Cross-Border Funds Agreement

17/01/2020

Hong Kong’s SFC and Thailand’s SEC plan to sign a mutual recognition of funds agreement within the second quarter of this year.