Liquidity Risk

Thailand: Parliament Approves $60b Covid-19 Aid Package

02/06/2020

The 1.9tr baht aid package includes additional liquidity for banks to lend to SMEs, and a corporate bond stabilisation fund to provide bridge financing to issuers.

Trading & Investment

HKEX Plans Introduction of New Exchange Traded Products – Report

02/06/2020

Under consideration are leveraged and inverse ETPs tracking A share indexes, fixed-income ETFs, sectoral and thematic ETFs backed by Chinese assets, and ESG themed ETPs.

Trading & Investment

MEMX Sets Launch Date for New Equities Exchange

02/06/2020

Platform testing will begin on 29 June, followed by member certification and user acceptance tests, ahead of a 4 September launch date.

Trading & Investment

SEBI Panel Proposes Creation of ‘Social Stock Exchanges’

02/06/2020

Non-profit organisations should be allowed to directly list bonds on social stock exchanges housed within existing exchanges such as the BSE or NSE, the SEBI panel suggests.

Trading & Investment

China to Extend Interbank Bond Market Trading Hours – Report

01/06/2020

Trading on the interbank bond market will initially be extended to 8 pm local time from 5 pm currently, and will gradually cover global trading hours.

Structural Regulation

Credit Suisse Takes Control of China Securities JV

01/06/2020

The CSRC granted Credit Suisse approval to raise its shareholding in the joint venture in April, from 33.3% to 51%.

Operational Risk

BOJ, FSA Direct Financial Firms to Take Action on LIBOR Transition

01/06/2020

FIs are asked to take specific actions to prepare for the cessation of LIBOR, and to submit materials allowing the BOJ and FSA to review preparedness at individual firms.

Trading & Investment

China Publishes Rules on Prime Broker Access to Interbank FX Market

01/06/2020

Foreign investors can apply to become prime brokerage clients to trade interbank FX forwards, swaps, and other FX derivatives to hedge interbank bond exposures.

Credit Risk

Loan Payment Holidays Pose Banking System Risks: FSI Paper

01/06/2020

Delaying loan loss recognition too long may leave banks and supervisors with fewer options for dealing with future risks to the banking system, a new paper says.