Capital Regulation

The central bank has also asked financial institutions to refrain from engaging in speculative activity, which it says "could lead to panic in the financial market."

The Philippines has halted stock, bond and currency trading 'until further notice'. The BSP is urging banks to provide financial relief to customers and employees.

Access to robust, high-quality price observation data is key to compliance with FRTB requirements to test the eligibility of the risk factors used in internal models.

The major concern for Singapore banks is the quality of loans to SMEs, which typically have lower financial flexibility and are more sensitive to operating and trade conditions.

The single borrower and group exposure limit will be 15% and 25% of tier 1 capital, respectively, compared to 15% and 40% of total capital previously.

State Bank of India and 7 other FIs are investing over 100bn rupees in Yes Bank's equity. The bank's moratorium will be lifted on Wednesday.

The deferment will enable banks to supply up to around NZ$47bn in additional lending to households and businesses, the RBNZ estimates. The OCR has also been cut to 0.25%.

The base rate is being adjusted downwards to 0.86%, while the countercyclical capital buffer is being reduced from 2.0% to 1.0% to bolster lending.

The Fed is cutting interest rates by 100bps and will buy $700bn in assets. Banks will no longer have to meet reserve requirements and can use capital and liquidity buffers to lend.

The move is expected to release 550 billion yuan of long-term funds into the banking system to facilitate lending to small firms and other vulnerable sectors.