Liquidity Risk

BOT Establishes Liquidity Facility for Money Market, Fixed Income Funds

25/03/2020

Money market and daily fixed income funds can obtain low-cost liquidity assistance from banks, which can in turn use fund units they buy under repurchase agreements as collateral for BOT liquidity.

Stablecoins

Securities Market Principles Can Be Applied to Stablecoins: IOSCO

25/03/2020

Preliminary analysis concludes that the Principles for Financial Market Infrastructures could apply to the global stablecoin arrangements, among other principles and standards.

Credit Risk

Bangladesh Defers All ‘Defaulter’ Classifications Until 30 June

25/03/2020

Banks can avoid reclassifying borrowers as defaulters until 30 June, allowing them to avoid extra provisioning and offer businesses new loans.

Reporting & Disclosures

Japan Finalises Stewardship Code Revisions

25/03/2020

Existing signatories have six months to update their disclosures to reflect the revisions, which include expectations to incorporate sustainability considerations in investment decisions.

Liquidity Risk

BSP Announces RRR Cut, Lenders Asked to Grant Debt Relief

24/03/2020

The 200 basis point cut will release up to 200bn pesos in bank liquidity. Lenders are encouraged to continue lending and to offer debt relief to borrowers.

Liquidity Risk

BNM Orders Automatic Moratorium on Loan Repayments

24/03/2020

Credit card balances should be converted to term loans. Banks will have to maintain a minimum NSFR of 80% instead of 100% from 1 July.

Structural Regulation

SEBI Grants Compliance Relief to Fund Managers, Brokers, Issuers

24/03/2020

The new measures include relief from mutual fund policy initiatives, penalty provision exemptions for brokers, and various deadline extensions.

Cloud & Infrastructure

APRA Suspends Work on New Data Collection Solution

24/03/2020

‘APRA Connect’ go live dates will be delayed by at least six months to allow financial institutions to concentrate on their businesses and assist customers impacted by the coronavirus.

Liquidity Risk

S. Korea Announces Emergency Financial Aid Package

24/03/2020

The 100-trillion-won package includes funding for businesses, two market stabilisation funds, support for new bond issuance and liquidity support for brokerage firms.