Prudential Risk

Operational Risk

HK Bourse Asks IPO Applicants to Detail Covid-19 Impacts, Contingency Plans

By Editors | 05/03/2020

The Hong Kong stock exchange has reportedly asked IPO applicants for information on supply chain disruptions, business contingency plans, and cash burn rates, among others.

Credit Risk

Singapore Banks Among Most Vulnerable to Covid-19 Impacts: Fitch

By Editors | 04/03/2020

While Singaporean banks have sufficient loss-absorption buffers to withstand pressure, the impact will depend on the extent and duration of the outbreak.

Credit Risk

Thai Banks to Give Borrowers One-year Grace on Loan Repayment

By Editors | 04/03/2020

A yearlong grace period on loan repayments is reportedly being offered by banks to companies in the tourism sector, exporters, importers and retailers.

Emerging Prudential Risks

Central Banks Act to Mitigate Covid-19 Economic Threat

By Editors | 04/03/2020

The HKMA has responded to the US rate cut with a cut of its own. The RBA and BNM have also cut their key policy rates, while the BOJ focuses on asset purchases.

Conduct, Culture & Accountability

FSC Korea Plans New Legislation to Protect Delinquent Debtors

By Editors | 04/03/2020

The bill is aimed at helping delinquent debtors get back on their feet by limiting debt collection activities and requiring lenders to offer restructuring opportunities.

Emerging Prudential Risks

Covid-19 Presents Greatest Economic Danger Since GFC: OECD

By Editors | 03/03/2020

The OECD recommends providing banks with liquidity to allow them to help companies with cash-flow problems, and to consider reducing reserve requirements.

Structural Regulation

BNM Updates Regulatory Framework for Digital Banks in New Draft

By Editors | 03/03/2020

The new exposure draft incorporates a simplified regulatory framework for digital banks applicable during the initial three to five years of operations.

Clearing & Post-Trade

S. Korea Set to Introduce Trade Repository in October

By Editors | 03/03/2020

Legislative revisions have been approved establishing statutory provisions for a trade repository, and penalties up to 100mn won for failures to report OTC derivatives transaction information.

Credit Risk

CBIRC Instructs Banks to Defer Loan Repayments for Small Businesses

By Editors | 02/03/2020

The move follows all-time lows in China’s manufacturing and non-manufacturing PMI figures, prompting analysts to cut their first quarter GDP growth forecasts to minus 6%.