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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.
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.
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