Credit Risk

RBI Extends External Benchmarking to Medium Enterprise Loans

27/02/2020

From 1 April, loans to medium enterprises must be linked to external interest rate benchmarks, expanding on a policy that took effect in October for retail and micro/small enterprise loans.

Capital Adequacy

BSP Approves ‘Enhanced’ Capital Requirements for Smaller Banks

27/02/2020

The higher capital standards for stand-alone thrifts, rural and cooperative banks include a 6% minimum CET1 ratio, a 7.5% Tier 1 ratio, and a 2.5% capital conservation buffer.

Market Data & Technology

Japan’s Quick Corp Selected to Calculate, Publish Prototype Terms Rates

27/02/2020

Part of the Nikkei Group, Quick Corp will start preparing to calculate and publish prototype term rates based on JPY overnight index swaps.

Trading & Investment

ASX Finalises Changes to 3-year, 10-year Treasury Bond Futures Roll

27/02/2020

A consultation on the changes received 36 submissions, largely supportive of ASX’s proposals, citing reduced costs, operational efficiencies and improved order management capabilities.

Clearing & Post-Trade

SEBI Imposes New Margin Collection Norms on Brokers

27/02/2020

From 1 June, collateral accepted by brokers for margin purposes must be held in a separate demat account created in the depository system, tagged as ‘Client Securities Margin Pledge Account’.

Structural Regulation

New Securities Law Set to Take Effect in China

27/02/2020

The new law, set to take effect on Sunday, establishes the legal basis for the adoption of a registration-based IPO system across the entire A-share market.

Market Abuse

IOOF Faces Shareholder Class Action for Misconduct Non-disclosure

27/02/2020

Reports of potential misconduct first appeared in June 2015, followed by senate hearings and questioning from the Royal Commission, resulting in shareholder losses.

Trading & Investment

Central Bank to Discontinue Sri Lanka Inter-Bank Offered Rate

27/02/2020

This decision reflects the lack of SLIBOR’s usage of in benchmarking loan products in the domestic financial market, along with a global trend of phasing out IBORs.

Cloud & Infrastructure

FSC Korea Unveils Policy Initiatives to Promote Fintech, Digital Finance

27/02/2020

South Korea’s FSC has announced new policy measures in five key areas to promote fintech and digital finance, and establish a stronger foundation for financial sector innovation.