Markets & Infrastructure

Payments & Settlements

Fed Establishes FX Swap Lines with Nine Central Banks

By Editors | 19/03/2020

Temporary currency swap lines will be established with 9 central banks – including BOK, RBA, MAS and RBNZ – to lessen the strain on US dollar funding markets.

Clearing & Post-Trade

ESMA Defers SFTR Start Date for Phase One Reporting Entities

By Editors | 19/03/2020

ESMA now expects trade repositories, credit institutions, investment firms to be ready for SFTR reporting from 13 July, alongside CSDs and CCPs.

Payments & Settlements

RBI Brings Payment Aggregators Under Regulatory Remit

By Editors | 19/03/2020

The capital requirement for payment aggregators has been reduced to 150mn rupees, down from 1bn rupees proposed in September.

Liquidity Risk

Philippine Stocks Resume Trading, Central Bank Relaxes Regulations

By Editors | 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

By Editors | 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

By Editors | 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.

Structural Regulation

FMA, NZX Announce Support Measures for Listed Companies

By Editors | 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

By Editors | 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

By Editors | 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.