Credit Risk

Indian Banks Directed to Extend Emergency Credit to SMEs

26/03/2020

The government has also asked the RBI to consider implementing a months-long moratorium on the debt repayments and to relax NPA classification norms.

Liquidity Risk

BOK Promises “Unlimited Liquidity” for Financial Firms

26/03/2020

South Korean authorities will also reduce the amount of high-quality foreign assets banks need to hold to free up additional US dollar liquidity.

Market Abuse

Singapore: Four Individuals Charged for Illegal Trading

26/03/2020

An investor used share financing facilities from two banks and third-party trading accounts procured by three brokers to manipulate the price of Sky One Holdings shares.

Liquidity Risk

MAS Offers Banks US Dollar Funding

26/03/2020

Banks are “strongly encouraged” to avail themselves of MAS liquidity facilities so that they can better serve customers.

Capital Adequacy

ISDA Calls for Delay to Initial Margin Deadlines

26/03/2020

Without a delay, smaller entities will almost certainly be shut out of the derivatives market, denying them the ability to manage risk when they need it most, says ISDA chief Scott O’Malia.

Credit Risk

Singapore Stimulus Plan to Catalyse Private Sector Loans

26/03/2020

MAS is working with banks and insurers to see how best to help businesses and individuals with loan obligations and insurance premium payments.

Anti-Money Laundering

Myanmar Central Bank Revokes Licence of Local Bank

26/03/2020

An investigation that started in 2017 found irregularities with the funding Asia Yangon Bank planned to use to meet its paid-up capital requirements.

Structural Regulation

Interim LIBOR Transition Milestones May Be Affected: FCA

26/03/2020

While end-2021 remains the firm target date for all firms to meet, interim transition milestones in some of the less prepared segments such as loan markets may be affected.

Structural Regulation

MAS, ACRA, SGX RegCo Set Out Expectations on Meeting Conduct

26/03/2020

MAS, SGX RegCo and ACRA expect all issuers to comply with the Ministry of Health’s mandatory safe distancing measures. Legislative amendments will be introduced.