Securities / Derivatives

S. Korea Mulls Hong Kong-Style Short Selling Rules

03/03/2020

The FSC and FSS are considering restricting short-selling of listed companies based on market cap in a bid to level the playing field for retail investors.

Securities / Derivatives

Indonesia Halts Short Selling, Cuts Reserve Requirements

03/03/2020

Short selling was halted to stop panic selling after the first two cases of Covid-19 were detected in the country. Separately, the central bank has introduced 5 new policy measures.

Securities / Derivatives

China to Launch Registration-based System for Bond Issuance

02/03/2020

Issuers of enterprise and corporate bonds will have to meet higher disclosure requirements under the new registration-based system, while the role of intermediaries is also strengthened.

Market Infrastructure

Cross-border Payments Front and Center in BIS Quarterly Review

02/03/2020

The BIS is exploring how to solve key shortcomings related to access and cross-border payments, including to address the global decline in correspondent banking.

Capital / Liquidity

CBIRC Instructs Banks to Defer Loan Repayments for Small Businesses

02/03/2020

The move follows all-time lows in China’s manufacturing and non-manufacturing PMI figures, prompting analysts to cut their first quarter GDP growth forecasts to minus 6%.

Market Infrastructure

BOJ Begins Publishing Securities Financing Transaction Data

02/03/2020

The data is collected monthly from approximately 50 financial institutions with the largest SFT trading volume, including transactions with overseas counterparties and intra-group transactions.

PBOC Unofficially Sets Interest Rate Floor on Covid-19 Loans

02/03/2020

The move is aimed at maintaining market order and at preventing banks from offering excessively low interest rates to lure borrowers.

S. Korea Tightens Mortgage Lending in More Areas to Curb Speculation

02/03/2020

New areas on the outskirts of Seoul have been designated speculative areas where the loan-to-value ratio on mortgage loans is being lowered to curb housing market overheating.

AML / KYC

Australia: Pre-insolvency Adviser Gets 5 Years Jail for Money Laundering

02/03/2020

The adviser helped a former company director illegally remove company assets to prevent creditors from accessing them post-winding up.