
Regulation Asia relies on a team of journalists, writers and editors to cover regulatory announcements across Asia Pacific. editorial@regulationasia.com
Conduct, Culture & Accountability
EU, US, UK Authorities Grant Relief on Call Recording Rules
23/03/2020
ESMA, the CFTC and the FCA have each indicated that financial firms can consider alternative mitigating steps in circumstances where call recording with clients is not possible.
Trading & Investment
SEBI Tightens Short-selling, Margin Rates to Curb Volatility
23/03/2020
SEBI is hoping to rein in speculation by reducing the position limits and raising margin rates in equity and debt derivatives.
Liquidity Risk
RBNZ Announces Bond Buying Programme, Other Measures
22/03/2020
The latest measures include a NZ$30bn bond-buying programme, a new term lending facility for banks, and additional liquidity to support funding markets.
Credit Risk
Australia Adjusts Regulatory Settings on Responsible Lending
22/03/2020
Six-month exemptions from responsible lending obligations are available to lenders that provide credit to existing small business customers.
Trading & Investment
TWSE Launches New Continuous Trading System for Equities
22/03/2020
Traders reportedly worry that the change-over could add to recent volatility. Meanwhile, a short-selling ban on certain stocks has been in place since Friday.
Liquidity Risk
UPDATED – BOT Announces Emergency Rate Cut, Other Measures
22/03/2020
The central bank says the rate cut will have a greater impact if FIs take an active role to address borrowers’ liquidity problems and accelerate debt restructuring.
Capital Adequacy
BCBS, FSB Support Use of Capital, Liquidity Buffers to Maintain Stability
22/03/2020
Using capital resources to support the real economy and absorb losses should take priority over discretionary distributions. HQLA stocks should be used to meet liquidity demands.
Credit Risk
Bank Indonesia Cuts Rates Again, OJK Demands Leniency for Borrowers
22/03/2020
Banks have also been told not to use debt collectors during the Covid-19 pandemic, and to instead help customers by restructuring existing debt and granting new subsidised loans.
Structural Regulation
ASIC Grants Two Month Extension for Holding AGMs
22/03/2020
ASIC will take no action if AGMs of listed companies are postponed for two months, and supports the use of technology to hold virtual or hybrid meetings.
Liquidity Risk
HK, Singapore, Indonesia Assessed as NSFR, LEX Compliant
22/03/2020
Hong Kong, Singapore and Indonesia were assessed as compliant with global standards for the net stable funding ratio and large exposures framework.
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