Liquidity Risk

BOJ Ramps Up Support for Bond Markets, Corporate Japan

27/04/2020

The BOJ has removed its bond-buying cap, more than doubled its limit on corporate debt purchases, and expanded the collateral banks can pledge to include household debt.

Credit Risk

Principal Payment Deferment Available to Vulnerable Debtors: FSC Korea

27/04/2020

The programme is available through all FIs from 29 April until year-end, allowing vulnerable debtors to defer principal payment for 6-12 months.

Trading & Investment

Taiwan: FSC Orders Review of Futures Brokers’ Trading Systems

27/04/2020

Investors complained they lost money due to an inability to place orders last week when crude oil dipped into negative prices.

Structural Regulation

ACCC Finds Transparency, Competition Issues in Mortgage Market

27/04/2020

The time taken to pass on announced interest rate reductions to customers varied across the big four banks, with revenue being a key motivator. CBA consistently had the longest lag period.

Credit Risk

India Suspends Bankruptcy Law Provisions to Avert Insolvency Filings

27/04/2020

India’s Cabinet has approved the suspension of provisions that allow financial and operational creditors to initiate insolvency.

KYC & CDD

SEBI Endorses Technology Use to Facilitate Online KYC

27/04/2020

The investor KYC process can be completed through websites or apps, which should include video-based ID verification, liveness checks, and electronic signatures and documents.

Emerging Prudential Risks

S. Korea Finalises Risk Management Rules for Private Equity Funds

27/04/2020

Private equity funds will have to undergo regular audits, adopt new valuation guidelines, conduct regular liquidity stress tests, and cap leverage at 400% of assets, among other measures.

Trading & Investment

CSRC Approves DCE Launch of Hog Futures Product

27/04/2020

China is home to about half of the world’s pigs and produces around 50 million tonnes of pork a year.

Structural Regulation

SEBI Eases Buyback Rules to Enable ‘Quicker Access to Capital’

26/04/2020

Listed companies can raise additional capital after six months from the expiring of the buyback period, compared to one year previously.