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Securities / Derivatives
SBV Directs Banks to Support Borrowers, Cuts Interest Rates
By Editors | 19/03/2020
The central bank has directed banks to restructure repayment periods, cut interest rates, waive fees and maintain debt classifications to support borrowers.
Securities / Derivatives
SET Revises Circuit Breaker Mechanism to Curb Volatility
By Editors | 18/03/2020
The circuit breaker will be triggered in three stages instead of two. The ceiling and floor limits for securities and derivatives are also revised.
Capital / Liquidity
Sri Lanka Closes Stock Market, Cuts Policy Rates
By Editors | 17/03/2020
The central bank has also asked financial institutions to refrain from engaging in speculative activity, which it says “could lead to panic in the financial market.”
Capital / Liquidity
Philippine Markets Shut, Central Bank Promises Regulatory Relief
By Editors | 17/03/2020
The Philippines has halted stock, bond and currency trading ‘until further notice’. The BSP is urging banks to provide financial relief to customers and employees.
Big Picture
Wolters Kluwer, PwC Complete PoC Using AI in Regulatory Reporting
By Editors | 15/03/2020
After minutes of training, algorithms were able to use 250,000 records of previously unseen raw data to predict regulatory reporting output with degrees of accuracy exceeding 99%.
Securities / Derivatives
SET Tightens Short Selling Rule After Second Trading Halt
By Editors | 14/03/2020
Short selling orders can now only be executed at prices higher than the last traded price, the SET said after its circuit breaker was triggered for the second day in a row.
Securities / Derivatives
Thai Bourse Announces Relief Package, Circuit Breaker Triggers
By Editors | 12/03/2020
The 30-minute trading halt came shortly after the SET announced a Covid-19 relief package, which included 500 million baht in fee reductions for market participants.
Securities / Derivatives
Indonesia Triggers Circuit Breaker, Suspends Pre-Opening Session
By Editors | 12/03/2020
IDX halted trading to end Thursday, just a day after tightening the circuit breaker mechanism. The pre-opening session is suspended until further notice.
AML / KYC
Philippine Lawmakers File Bill Criminalising Cash Smuggling
By Editors | 11/03/2020
In the Philippines’ October 2019 mutual evaluation report, the APG noted low confiscation cases and detection levels in relation to bulk movements of currency across borders.
Capital / Liquidity
BSP to Adopt New Supervisory Assessment Framework From July
By Editors | 11/03/2020
The new SAFr – said to be more forward-looking compared to CAMELS – uses a four-point rating scale, focusing on FIs business models and compliance systems’ ability to mitigate risk.
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