The measures include higher capital raising capacity for issuers, a two month extension for financial reporting, and delays for some regulatory work.
March 19, 2020The limits on banks' foreign currency forward positions will be raised to guard against a US dollar funding shortage amid a mass exodus of foreign capital.
March 19, 2020The move is aimed at reducing the regulatory burden on FIs, freeing up RBNZ and industry resources, and supporting the economy amid the coronavirus outbreak.
March 18, 2020Banks should be encouraged to undertake prudent renegotiation of loan terms for stressed borrowers, but loan classification and provisioning rules should not be eased.
March 18, 2020The 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."
March 18, 2020New Zealand has announced a NZ$12.1bn economic rescue package in response to the novel coronavirus outbreak.
March 17, 2020The Philippines has halted stock, bond and currency trading 'until further notice'. The BSP is urging banks to provide financial relief to customers and employees.
March 17, 2020Companies that have fallen into negative net worth as a result of the coronavirus pandemic will have 2 years before their shares are delisted, up from 1 year currently.
March 17, 2020Bank of Korea has cut its key rate by 50 basis points to 0.75 percent, joining other central banks unveiling emergency measures to fight the coronavirus outbreak.
March 17, 2020The RBA says it stands ready to buy government bonds in the secondary market, while APRA and ASIC are tasked with 'adjusting' regulatory requirements to boost credit availability.
March 17, 2020