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Credit Risk
Bangladesh Defers All ‘Defaulter’ Classifications Until 30 June
By Editors | 25/03/2020
Banks can avoid reclassifying borrowers as defaulters until 30 June, allowing them to avoid extra provisioning and offer businesses new loans.
Liquidity Risk
BSP Announces RRR Cut, Lenders Asked to Grant Debt Relief
By Editors | 24/03/2020
The 200 basis point cut will release up to 200bn pesos in bank liquidity. Lenders are encouraged to continue lending and to offer debt relief to borrowers.
Liquidity Risk
BNM Orders Automatic Moratorium on Loan Repayments
By Editors | 24/03/2020
Credit card balances should be converted to term loans. Banks will have to maintain a minimum NSFR of 80% instead of 100% from 1 July.
Liquidity Risk
S. Korea Announces Emergency Financial Aid Package
By Editors | 24/03/2020
The 100-trillion-won package includes funding for businesses, two market stabilisation funds, support for new bond issuance and liquidity support for brokerage firms.
Emerging Prudential Risks
Australia Unveils Stage Two Economic Package Worth A$66.1b
By Editors | 23/03/2020
Including the new package, a total A$189bn is being injected into the economy by ‘all arms of the government’ to ‘help build a bridge to recovery’.
Liquidity Risk
US Fed Indicates Open-ended Commitment to Quantitative Easing
By Editors | 23/03/2020
“Aggressive efforts must be taken across the public and private sectors,” the Fed said, effectively pledging to buy Treasuries and mortgage-backed securities to any extent required
Emerging Prudential Risks
APRA, ASIC Recalibrate Regulatory Priorities to Focus on Covid-19
By Editors | 23/03/2020
APRA and ASIC have suspended the majority of their planned policy initiatives and do not plan to recommence consultation on any non-essential matters before 30 September 2020.
Emerging Prudential Risks
Hong Kong Introduces Legislation to Enhance Regulatory Framework for Insurers
By Editors | 23/03/2020
The bills provide a regulatory regime for insurance-linked securities, expand the scope of insurable risks of captive insurers, and empower the IA to regulate insurers at the group level.
Liquidity Risk
RBNZ Announces Bond Buying Programme, Other Measures
By Editors | 22/03/2020
The latest measures include a NZ$30bn bond-buying programme, a new term lending facility for banks, and additional liquidity to support funding markets.
Credit Risk
Australia Adjusts Regulatory Settings on Responsible Lending
By Editors | 22/03/2020
Six-month exemptions from responsible lending obligations are available to lenders that provide credit to existing small business customers.
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