Credit Risk

India Suspends Bankruptcy Law Provisions to Avert Insolvency Filings

27/04/2020

India’s Cabinet has approved the suspension of provisions that allow financial and operational creditors to initiate insolvency.

KYC & CDD

SEBI Endorses Technology Use to Facilitate Online KYC

27/04/2020

The investor KYC process can be completed through websites or apps, which should include video-based ID verification, liveness checks, and electronic signatures and documents.

Emerging Prudential Risks

S. Korea Finalises Risk Management Rules for Private Equity Funds

27/04/2020

Private equity funds will have to undergo regular audits, adopt new valuation guidelines, conduct regular liquidity stress tests, and cap leverage at 400% of assets, among other measures.

Trading & Investment

CSRC Approves DCE Launch of Hog Futures Product

27/04/2020

China is home to about half of the world’s pigs and produces around 50 million tonnes of pork a year.

Structural Regulation

SEBI Eases Buyback Rules to Enable ‘Quicker Access to Capital’

26/04/2020

Listed companies can raise additional capital after six months from the expiring of the buyback period, compared to one year previously.

Fraud, Scams & Cybercrime

China: Luckin Investors Launch Lawsuit Under New Securities Law

26/04/2020

A lack of cross-border regulation presents a challenge to holding Luckin Coffee entities and executives to account for alleged misconduct and fraud.

Credit Risk

Tax Records Can Provide Banks Assurance for SME Loans: CBIRC

26/04/2020

Small and micro enterprises which cannot provide collateral or guarantees for loans can instead share their tax payment information with commercial banks to obtain funding.

Credit Risk

SEBI Eases Mutual Fund Valuation Norms for Debt Securities

26/04/2020

Valuation agencies need not consider payment delays and maturity extensions resulting from Covid-19 as defaults when valuing money market and debt securities held by mutual funds.

Data Privacy

Open Banking: ACCC Allows Flexibility to Delay Product Data Sharing

26/04/2020

Non-major banks, building societies and credit unions can delay sharing product reference data until 1 November, but are encouraged to begin sharing this data “if they are in a position to do so”.