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Credit Risk
HKMA, Banks to Launch Debt Payment Holiday Scheme for Corporates
By Editors | 18/04/2020
All corporate customers with annual turnover under HK$800mn and with no outstanding loan payments more than 30 days overdue are eligible for the principal payment holiday.
Model Risk
RBNZ Working with ANZ NZ to Improve Model Compliance
By Editors | 18/04/2020
The latest section 95 report identifies that 17 wholesale credit models and the operational risk capital model approach currently in use at ANZ NZ are not approved by the RBNZ.
Trading & Investment
SFC Seeks Certainty on ETF Market Making Continuity
By Editors | 18/04/2020
ETF management companies should procure more than one market maker, or secure arrangements for alternative market makers to quickly step in if there is a disruption.
Liquidity Risk
Bank Indonesia Cuts RRR, Prepares to Buy Govt Bonds
By Editors | 18/04/2020
The measures include a 200bp RRR cut for banks and a 50bp cut for Islamic banks. The central bank may also start buying government bonds in the primary market in two weeks.
Liquidity Risk
RBI Announces New Measures to Counter Covid-19 Disruptions
By Editors | 18/04/2020
The RBI has cut the reverse repo rate, lowered the LCR requirement, restricted dividend payouts, and established new liquidity facilities for NBFCs and microfinance institutions.
Liquidity Risk
UPDATED – Singapore REITs Granted Relief on Cash Flow, Fundraising
By Editors | 17/04/2020
MAS is raising the leverage limit for S-REITs and deferring implementation of the minimum interest coverage ratio requirement, on top of recently-announced enhanced share issue limits.
Emerging Prudential Risks
FSB Reports to G20 on Covid-19 Financial Stability Implications
By Editors | 17/04/2020
The FSB says internationally coordinated action to support a well-functioning, resilient financial system and open markets remain a priority.
Credit Risk
Hong Kong Expands 100% Loan Guarantee Scheme Ahead of Launch
By Editors | 17/04/2020
Administered by HKMC Insurance, the Special 100% Loan Guarantee Scheme has been expanded to total guarantees of HK$50bn, alongside a doubling of the per-enterprise loan limit.
Capital Adequacy
Taken Too Far, Banking Policy Relaxations Could Backfire
By Manesh Samtani | 16/04/2020
In a new paper, the BIS’s Fernando Restoy and Claudio Borio offer three important principles to guide the assessment of Covid-19 related policy adjustments.
Cybersecurity
Fintech Risks Could Undermine Financial Inclusion
By Editors | 16/04/2020
The CPMI and World Bank have set out key actions to help stakeholders address fintech risks in the context of achieving financial inclusion outcomes.
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