Liquidity Risk

RBA Mulls First-Ever Quantitative Easing Programme

16/03/2020

The RBA says it stands ready to buy government bonds in the secondary market, while APRA and ASIC are tasked with ‘adjusting’ regulatory requirements to boost credit availability.

Liquidity Risk

UPDATED – BOJ Introduces New Lending Facility, Expands Asset Purchases

16/03/2020

The new 8 trillion yen lending facility will offer banks one-year, zero-interest loans collateralised by corporate debt securities. The BOJ is also doubling its annual ETF purchase capacity.

Credit Risk

RBI Amends Exposure Norms for Urban Cooperative Banks

16/03/2020

The single borrower and group exposure limit will be 15% and 25% of tier 1 capital, respectively, compared to 15% and 40% of total capital previously.

Structural Regulation

Hong Kong to Allow 60 Days Grace for Publishing Annual Reports

16/03/2020

Listed issuers may defer annual report publication for 60 days if they have published their preliminary results, management accounts or specified material financial information before 31 March.

Resolution & Recovery

India’s Cabinet Green Lights Yes Bank Rescue Plan

16/03/2020

State Bank of India and 7 other FIs are investing over 100bn rupees in Yes Bank’s equity. The bank’s moratorium will be lifted on Wednesday.

Structural Regulation

Singapore Exchange Introduces S$5m Covid-19 Care Package

16/03/2020

S$1.5mn will be contributed to national healthcare-support programmes, while S$3.5mn will be used to support Singapore-listed companies and SGX employees and contract staff.

Trading & Investment

ASIC Directs Equity Market Participants to Limit Trading

16/03/2020

The move is a response to a particularly large increase in trades executed on Friday, largely attributable to algorithmic and high frequency trading.

Capital Adequacy

RBNZ Defers Implementation of New Capital Framework

16/03/2020

The deferment will enable banks to supply up to around NZ$47bn in additional lending to households and businesses, the RBNZ estimates. The OCR has also been cut to 0.25%.

Capital Adequacy

HKMA Responds to Fed Rate Cut, Reduces CCyB

16/03/2020

The base rate is being adjusted downwards to 0.86%, while the countercyclical capital buffer is being reduced from 2.0% to 1.0% to bolster lending.