Prudential Risk

Cloud & Infrastructure

MAS Unveils Support Package to Bolster Financial Sector Capabilities

By Editors | 08/04/2020

The package includes training allowances, IBF course subsidies, salary support, digital acceleration grants, and free access to API Exchange.

Capital Adequacy

HKMA Reduces AIs’ Regulatory Reserve Requirement

By Editors | 08/04/2020

The regulatory reserve release should be used to support customers impacted by Covid-19, and not to distribute dividends, buy back shares or pay bonuses.

Structural Regulation

SGX RegCo Suspends Issuer Watch List, Raises Share Issue Limits

By Editors | 08/04/2020

The measures will help SGX issuers to focus on meeting current business and economic challenges and accelerate fund-raising efforts to address liquidity issues.

Liquidity Risk

BSP Offers Banks Mark-to-Market Relief, Cuts Liquidity Requirements

By Editors | 08/04/2020

The accounting relief allows banks to effectively reverse unrealised losses resulting from a change in fair value. The MLR cut frees up almost $200mn for smaller lenders.

Structural Regulation

APRA Suspends Issuance of New Licenses

By Editors | 08/04/2020

Given the challenges new entrants face even under normal economic conditions, APRA does not consider it prudent to license new entities for at least the next six months.

Liquidity Risk

BOT to Stabilise Corporate Bond Market, Ramp Up SME Support

By Editors | 08/04/2020

Among the new measures announced are six-month loan payment holidays and new low-cost loans for SMEs, and the establishment of a corporate bond stabilisation fund.

Capital Adequacy

Sri Lankan Brokers Prohibited from Charging Interest on Margin Loans

By Editors | 08/04/2020

The central bank has also suspended overseas investment and outward remittances by Sri Lankan residents, and cut interest rates for the second time in three weeks.

Operational Risk

ASIC, APRA Offer Best Practice Recommendations on LIBOR Transition

By Editors | 08/04/2020

ASIC, APRA and the RBA warn that a failure to transition to alternative reference rates could lead to significant reputational, operational and legal risk and disrupt financial markets.

Capital Adequacy

MAS Relaxes Capital Rules, Defers Policy Implementation

By Editors | 07/04/2020

MAS has adjusted banks’ capital and liquidity requirements to help sustain their lending activities, while also deferring a host of regulatory initiatives until further notice.