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Liquidity Risk
CBSL Announces New Loan Facility to Aid Businesses
By Editors | 21/04/2020
Loans granted to businesses by participating FIs under the facility will be limited to two months working capital, with 2 years repayment terms and a 4% p.a. interest rate.
Credit Risk
Hong Kong’s Banking Exposure Limit Rules: Implementation Challenges
By Gregory Achache | 21/04/2020
Many banks have merely instituted stopgap measures and temporary manual solutions to comply with BELR so far, say Synpulse’s Gregory Achache and Tim Alvner.
Liquidity Risk
MAS Launches New Facility to Pump Cheap Loans to SMEs
By Editors | 20/04/2020
“Banks and finance companies will be able to make more loans to SMEs and at lower cost – in fact, we expect them to do so,” said MAS Managing Director Ravi Menon.
Liquidity Risk
PBOC Cuts Bank Lending Rates to Offset Covid-19 Pressures
By Editors | 20/04/2020
Policymakers said on Friday that monetary policies should make full use of RRR cuts, interest rate reductions and relending, indicating a shifting stance after GDP shrank 6.8% in Q1.
Cybersecurity
FSB Consults on Cyber Incident Response and Recovery Toolkit
By Editors | 20/04/2020
The toolkit lists 46 effective practices, structured across seven components: governance, preparation, analysis, mitigation, restoration, improvement, and coordination and communication.
Anti-Money Laundering
SFC Fines BOCOM International Securities for “Serious” Breaches
By Editors | 20/04/2020
The brokerage did not have effective controls to identify third party deposits, and “extensive deficiencies” were found in its handling of margin lending and margin calls.
Liquidity Risk
UPDATED – MSME Loans Can Be Counted Towards Reserve Requirements: BSP
By Editors | 20/04/2020
Loans granted to MSMEs can be counted as part of banks’ compliance with reserve requirements. Detailed guidelines will be issued in due course.
Structural Regulation
Bursa Malaysia Raises Share Issue Limits, Extends Filing Deadlines
By Editors | 20/04/2020
Listed issuers are allowed to increase the general mandate threshold for new securities issues from the existing 10% to 20% of the total number of issued shares.
Capital Adequacy
S. Korea Eases Capital, Liquidity, Asset Quality Rules for FIs
By Editors | 20/04/2020
The FSC expects the regulatory relaxations will boost financial institutions’ capacity to provide up to 400 trillion won in additional financing to businesses.
Credit Risk
APRA Announces Reporting Requirement for SME Guarantee Scheme
By Editors | 18/04/2020
Lenders approved to participate under the Scheme must complete the new returns on a weekly basis, with the first collection due on 1 May.
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