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.

Structural Regulation

SGX RegCo Offers Guidance on Holding General Meetings

20/03/2020

Measures include segregating attendees across various venues, adopting digital tools to conduct general meetings, and a 250-person limit at any given venue.

Trading & Investment

Singapore Steering Committee Publishes SORA Transition Roadmap

19/03/2020

Banks aim to start active trading in SORA derivatives in the second half of the year, and SORA-based loans will launch by year-end.

Fraud, Scams & Cybercrime

MAS Bans Six Individuals for Fraud and Dishonest Conduct

19/03/2020

The first five individuals abused their clients’ trust for their personal gain and the last evaded taxes. All six also received prison sentences.

Payments & Settlements

Fed Establishes FX Swap Lines with Nine Central Banks

19/03/2020

Temporary currency swap lines will be established with 9 central banks – including BOK, RBA, MAS and RBNZ – to lessen the strain on US dollar funding markets.

Clearing & Post-Trade

ESMA Defers SFTR Start Date for Phase One Reporting Entities

19/03/2020

ESMA now expects trade repositories, credit institutions, investment firms to be ready for SFTR reporting from 13 July, alongside CSDs and CCPs.

Payments & Settlements

RBI Brings Payment Aggregators Under Regulatory Remit

19/03/2020

The capital requirement for payment aggregators has been reduced to 150mn rupees, down from 1bn rupees proposed in September.

Liquidity Risk

Cambodia Delays Implementation of Capital Conservation Buffer

19/03/2020

The National Bank of Cambodia is also reducing interest rates on repo transactions with banks and encouraging more lending to the public.

Liquidity Risk

Philippine Stocks Resume Trading, Central Bank Relaxes Regulations

19/03/2020

The BSP has cut interest rates and relaxed regulations on compliance reporting by banks, calculation of penalties on required reserves, and single borrower limits.