Credit Risk

S. Korea Tightens P2P Lending Limits to Guard Against Defaults

01/04/2020

P2P lending caps are being lowered to protect investors against potential defaults and delinquencies caused by the Covid-19 crisis.

KYC & CDD

BSP Relaxes KYC Norms During Covid-19 Lockdown

01/04/2020

The move will facilitate the delivery of welfare funds to beneficiaries who have no available valid IDs or transactional account with any financial institution.

Trading & Investment

HKFE Offers Cash to Market Makers in Mini Metals Futures

01/04/2020

A HKD 30,000 cash stipend is offered per contract per month per trading session upon fulfillment of quoting obligations in aluminium, zinc, copper and nickel mini futures contracts.

Market Data & Technology

Bursa Malaysia Implements ISO 20022 for Corporate Announcements

01/04/2020

The messaging standard will transform the corporate announcements flow in Malaysia, favour interoperability with other marketplaces, and foster innovation.

Structural Regulation

UPDATED – ASIC, ASX Offer Relief from Capital Raising Rules

01/04/2020

The relief applies to listed entities looking to offer placements, rights issues and share purchase plans as a way to urgently raise capital to mitigate the effects of Covid-19.

Market Abuse

SFC Bans Former China Rise CEO for Naked Short Selling

01/04/2020

The ex-CEO was banned for 28 months for placing – and concealing – uncovered short selling orders through his personal account and a client’s discretionary account in 2014.

Structural Regulation

MAS, ACRA, SGX RegCo Update Guidance on Meeting Conduct

01/04/2020

Guidance is provided on holding general meetings in light of the current 10-person limit on attendance of any event in Singapore.

Structural Regulation

NZX Subsidiary to Assume Frontline Regulatory Functions

01/04/2020

The new subsidiary will be structurally separate from NZX’s commercial and operational activities and governed by a largely independent board.

Credit Risk

SEBI Asks Rating Agencies to Delay Default Recognition

31/03/2020

Market participants call SEBI’s move timely, amid fears of mass downgrades in light of the operational disruptions caused by Covid-19.