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Capital / Liquidity
Sri Lanka Central Bank Directs FIs to Implement Debt Moratorium
By Editors | 25/03/2020
The debt moratorium will be implemented for personal loans, credit card debt, SME loans, among other sectors. Financial institutions are also directed to provide new working capital loans.
Capital / Liquidity
OJK Indonesia to Extend Payment Deadlines for MSME Loans
By Editors | 25/03/2020
OJK will extend loan payment deadlines for MSMEs by up to one year and prohibit the use of debt collection services, while Bank Indonesia asks banks to lower lending rates.
Capital / Liquidity
RBNZ to Lower Core Funding Ratio Required of Banks
By Editors | 25/03/2020
The RBNZ will reduce the required minimum CFR from 75% to 50% to help banks make credit available for mortgage holidays and business finance guarantees.
Capital / Liquidity
Bangladesh Defers All ‘Defaulter’ Classifications Until 30 June
By Editors | 25/03/2020
Banks can avoid reclassifying borrowers as defaulters until 30 June, allowing them to avoid extra provisioning and offer businesses new loans.
Capital / Liquidity
BSP Announces RRR Cut, Lenders Asked to Grant Debt Relief
By Editors | 24/03/2020
The 200 basis point cut will release up to 200bn pesos in bank liquidity. Lenders are encouraged to continue lending and to offer debt relief to borrowers.
Capital / Liquidity
BNM Orders Automatic Moratorium on Loan Repayments
By Editors | 24/03/2020
Credit card balances should be converted to term loans. Banks will have to maintain a minimum NSFR of 80% instead of 100% from 1 July.
Capital / Liquidity
S. Korea Announces Emergency Financial Aid Package
By Editors | 24/03/2020
The 100-trillion-won package includes funding for businesses, two market stabilisation funds, support for new bond issuance and liquidity support for brokerage firms.
Capital / Liquidity
RBNZ Announces Bond Buying Programme, Other Measures
By Editors | 22/03/2020
The latest measures include a NZ$30bn bond-buying programme, a new term lending facility for banks, and additional liquidity to support funding markets.
Capital / Liquidity
BCBS, FSB Support Use of Capital, Liquidity Buffers to Maintain Stability
By Editors | 22/03/2020
Using capital resources to support the real economy and absorb losses should take priority over discretionary distributions. HQLA stocks should be used to meet liquidity demands.
Capital / Liquidity
Bank Indonesia Cuts Rates Again, OJK Demands Leniency for Borrowers
By Editors | 22/03/2020
Banks have also been told not to use debt collectors during the Covid-19 pandemic, and to instead help customers by restructuring existing debt and granting new subsidised loans.
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