A step not taken during the 2008 GFC, the Fed has started to buy corporate bonds in the secondary market, in a bid to support market liquidity and ensure credit availability.
June 17, 2020Bangladesh Bank has filed a new civil suit against RCBC and other Philippine entities in New York State Court over the 2016 bank heist, after its Federal Court case was dismissed in March.
June 3, 2020Pierre Latrobe at Mazars discusses recent HKMA initiatives taken in response to Covid-19 and their implications for Hong Kong banks, highlighting credit risk as a growing threat.
May 13, 2020US dollar shortages could constrain policy responses aimed at cushioning emerging market economies from the Covid-19 shock.
April 14, 2020Regulatory reserves held against possible credit losses will be reduced by half. Banks are encouraged to use liquidity buffers built up under the LCR and LMR regimes.
April 5, 2020Business continuity plans, social distancing measures, economic stimulus and liquidity constraints are hindering banks’ abilities to stay consistent with regulators' expectations, says Peter Guy.
March 30, 2020The move is expected to help stabilise US dollar funding markets, after the BOK signed a $60bn currency swap agreement with the US Federal Reserve earlier this month.
March 30, 2020South Korean authorities will also reduce the amount of high-quality foreign assets banks need to hold to free up additional US dollar liquidity.
March 27, 2020Banks are "strongly encouraged" to avail themselves of MAS liquidity facilities so that they can better serve customers.
March 27, 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
March 23, 2020