Reporting & Disclosures

Japan Finalises Stewardship Code Revisions

25/03/2020

Existing signatories have six months to update their disclosures to reflect the revisions, which include expectations to incorporate sustainability considerations in investment decisions.

Liquidity Risk

BSP Announces RRR Cut, Lenders Asked to Grant Debt Relief

24/03/2020

The 200 basis point cut will release up to 200bn pesos in bank liquidity. Lenders are encouraged to continue lending and to offer debt relief to borrowers.

Liquidity Risk

BNM Orders Automatic Moratorium on Loan Repayments

24/03/2020

Credit card balances should be converted to term loans. Banks will have to maintain a minimum NSFR of 80% instead of 100% from 1 July.

Structural Regulation

SEBI Grants Compliance Relief to Fund Managers, Brokers, Issuers

24/03/2020

The new measures include relief from mutual fund policy initiatives, penalty provision exemptions for brokers, and various deadline extensions.

Cloud & Infrastructure

APRA Suspends Work on New Data Collection Solution

24/03/2020

‘APRA Connect’ go live dates will be delayed by at least six months to allow financial institutions to concentrate on their businesses and assist customers impacted by the coronavirus.

Liquidity Risk

S. Korea Announces Emergency Financial Aid Package

24/03/2020

The 100-trillion-won package includes funding for businesses, two market stabilisation funds, support for new bond issuance and liquidity support for brokerage firms.

Market Data & Technology

TAIFEX Launches Real-time Data Feed for Derivatives

24/03/2020

Deutsche Börse is the licensor of TAIFEX market data to international clients, allowing them to access data products offered by both exchanges under a single licence agreement.

Fraud, Scams & Cybercrime

SFC Imposes Lifetime Ban on Former China Pacific Securities Broker

24/03/2020

The former broker was convicted and jailed in December 2018 for stealing over HK$110mn in shares from China Pacific’s clients over a seven-year period.

Trading & Investment

Malaysia Suspends Short-selling, Grants Relief to Licensed Entities

24/03/2020

The short-selling suspension will last until 30 April 2020. Annual licensing fees will be waived. CPE and professional training requirements will be eased.