Operational Risk

APRA, RBA Ask Financial Firms to Continue Parallel Reporting of EFS data

20/03/2020

The agencies explain that they wish to ensure a consistent data source for March and June 2020, in order to capture the impact of the coronavirus.

Structural Regulation

SAFE Expands Cross-border Financing Channels for High-tech Firms

20/03/2020

A Beijing science park programme to allow high-tech firms to access cross-border funding will be expanded to cover Shanghai, Hubei, Guangdong and Shenzhen.

Structural Regulation

SEBI Allows Extra Time to File Quarterly, Annual Results

20/03/2020

Listed companies will have until 30 June to file their quarterly and annual financial results for the period ending 31 March.

Trading & Investment

Taiwan Authorises Intervention by National Stabilisation Fund

20/03/2020

The central bank has also cut its policy rates and expanded lending facilities for banks to allow them to support SMEs impacted by the coronavirus.

Liquidity Risk

ECB Launches €750b Emergency Asset Purchase Programme

20/03/2020

The ‘Pandemic Emergency Purchase Programme’ will include purchases of public and private securities, including non-financial commercial paper and Greek sovereign bonds, until end-2020.

Credit Risk

Australian Banks Announce Small Business, Home Loan Relief

20/03/2020

Australia’s big four banks have each announced reductions in their lending rates, as well as the availability of deferrals of small business and home loan repayments.

Anti-Money Laundering

MAS Penalises Trust Company for AML/CFT Failings

20/03/2020

TMF Trustees Singapore was penalised SG$400,000 for failing to verify the source of wealth and monitor transactions on an ongoing basis.

Trading & Investment

BOJ Carries Out Emergency Operations to Curb Bond Volatility

20/03/2020

The 1.3 trillion yen emergency bond-buying operation to was aimed at stabilising the debt market given its recent volatility, the BOJ  said.

Liquidity Risk

BNM Cuts Statutory Reserve Requirement for Banks

20/03/2020

BNM has lowered the SRR ratio to the lowest level since April 2011, and is allowing principal dealers to recognise MGS and MGII up to 1 billion ringgit as part of SRR compliance.