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.

Credit Risk

SBV Directs Banks to Support Borrowers, Cuts Interest Rates

19/03/2020

The central bank  has directed banks to restructure repayment periods, cut interest rates, waive fees and maintain debt classifications to support borrowers.

Emerging Prudential Risks

S. Korea to Launch Market Stabilisation Funds, More SME Support

19/03/2020

The government has also decided on emergency financial measures worth 50 trillion won to support SMEs and individuals with low credit ratings.

Liquidity Risk

RBA, APRA Free Up Liquidity, Capital Buffers for Banks

19/03/2020

New measures include an interest rate cut, a bond-buying programme, a term lending facility for banks, and relaxed expectations on bank capital ratios.

Structural Regulation

FMA, NZX Announce Support Measures for Listed Companies

19/03/2020

The measures include higher capital raising capacity for issuers, a two month extension for financial reporting, and delays for some regulatory work.

Conduct, Culture & Accountability

S. Korea Cabinet Approves Financial Consumer Protection Bill

19/03/2020

Under the legislation, six sales regulations will be applied to all financial products, where sellers will be subject to stricter penalties and possible sales bans for violations.

Conduct, Culture & Accountability

Australia: SocGen Securities Unit Charged for Client Money Rule Breaches

19/03/2020

Societe Generale Securities Australia self-reported three matters over 2017 and 2018, and has completed all remediation actions in relation to its operational set-up.