Liquidity Risk

BSP Eases Asset Cover Rules for Banks’ FX Exposures

25/04/2020

Banks can offset foreign currency asset cover deficiency incurred on one or more days of the week with excess cover from other days of the same or immediately succeeding weeks.

Market Abuse

FSC Taiwan Fines Investment Trust for Intranet Loopholes

24/04/2020

A Capital Investment Trust fund manager reportedly bought shares in dozens of companies that he knew would be purchased in the funds he helped manage.

Credit Risk

Indian Banks Asked to Submit Lending Reports Daily

24/04/2020

The Finance Ministry has asked for data on the volume and scale of loans, as well as particulars on what sectors are getting them.

Conduct, Culture & Accountability

FMA to Grant ‘No-Action’ Relief for Regulatory Breaches

24/04/2020

The ‘no action’ relief can be provided case-by-case to market participants who breach, or expect to breach, a regulatory obligation as a result of Covid-19 circumstances.

Market Risk

Oil Volatility Prompts SFC Call for Vigilance, Contingency Plans

24/04/2020

Commodity futures brokers should control exposures to clients and pre-arrange for contingent funding and capital support to be available from group companies or shareholders.

Structural Regulation

SEBI Proposed Exemptions for Investors in Distressed Companies

24/04/2020

The regulator proposes to tweak its pricing rules for preferential share allotments, and to exempt investors in distressed companies from having to make a open offer.

Emerging Prudential Risks

Korea: IMF Assessment Highlights Pre-Covid Financial System Risk

24/04/2020

The assessment commends Korea for its continued efforts to enhance prudential, legal and supervisory frameworks, while also pointing to growth-related uncertainties and household debt risks.

Credit Risk

Aussie Majors to Provide Bridging Loans to Businesses Awaiting Subsidies

24/04/2020

ANZ, NAB, Westpac and CBA have agreed to set up new dedicated hotlines and expedite the processing of bridge financing applications as businesses wait to be paid wage subsidies.

Structural Regulation

SEBI Relaxes Fundraising Rules for Rights Issues, IPOs

24/04/2020

SEBI has lowered the market cap requirement for fast tracking rights issues and extended the amount of time companies have to launch a public issue once approval is granted.