Super Funds Pay Out A$1.3b in First Week of Early Release Scheme

04/05/2020

The Association of Superannuation Funds of Australia estimates that super funds may have paid out A$7.1bn in total, including the second week of the initiative.

Securities / Derivatives

Malaysia SC Issues New Capital Market Advertising Guidelines

04/05/2020

Effective from 4 May, advertisers of capital markets products and services are no longer required to submit their advertisement materials to the SC for approval.

Securities / Derivatives

CSRC Eases Market Cap Requirement for CDR Issuance

04/05/2020

Innovative Chinese companies listed overseas will be eligible to list depositary receipts at home with just $2.8bn in market cap, compared to $28bn under 2018 rules.

BNM Faces Backlash Over Revised Moratorium Guidance

03/05/2020

The initial version of BNM’s FAQs appeared to suggest that no extra interest would be charged on hire-purchase loans under deferment, but a revised illustration shows interest can accrue.

Capital / Liquidity

Glass Half Full: Basel IV Presents Opportunity for Constructive Change, COVID-19 the Impetus

03/05/2020

The COVID-19 pandemic is an additional catalyst for financial institutions to generate fundamental structural change as they seek to implement Basel reforms, says AxiomSL’s Mahim Mehra.

Securities / Derivatives

China to Pilot REITs Issuance in Infrastructure Sector

02/05/2020

Under a pilot programme, infrastructure projects in major economic areas can be securitised to form publicly-traded REITs.

Securities / Derivatives

SEBI Defers New Risk Management Norms for Mutual Funds

01/05/2020

Mutual funds now have until 30 June to comply with new norms on liquid assets, sector exposures, and money market and debt securities valuations.

Big Picture

Short-selling Bans Negatively Impact Market Quality: WFE

01/05/2020

A review of academic research shows that it “almost unanimously” points towards short-selling bans being disruptive for the orderly functioning of markets.

AML / KYC

BSP Warns of Covid-19 related Money Laundering Risks

01/05/2020

Supervised financial institutions are encouraged to prudently leverage on technology to reinforce their controls against fraud and financial crime.