Emerging Prudential Risks

S. Korea to Launch Market Stabilisation Funds, More SME Support

19/03/2020

The government has also decided on emergency financial measures worth 50 trillion won to support SMEs and individuals with low credit ratings.

Liquidity Risk

RBA, APRA Free Up Liquidity, Capital Buffers for Banks

19/03/2020

New measures include an interest rate cut, a bond-buying programme, a term lending facility for banks, and relaxed expectations on bank capital ratios.

Structural Regulation

FMA, NZX Announce Support Measures for Listed Companies

19/03/2020

The measures include higher capital raising capacity for issuers, a two month extension for financial reporting, and delays for some regulatory work.

Conduct, Culture & Accountability

S. Korea Cabinet Approves Financial Consumer Protection Bill

19/03/2020

Under the legislation, six sales regulations will be applied to all financial products, where sellers will be subject to stricter penalties and possible sales bans for violations.

Conduct, Culture & Accountability

Australia: SocGen Securities Unit Charged for Client Money Rule Breaches

19/03/2020

Societe Generale Securities Australia self-reported three matters over 2017 and 2018, and has completed all remediation actions in relation to its operational set-up.

Structural Regulation

Malaysia Allows Listed Companies to Defer Quarterly, Annual Reports

19/03/2020

Listed companies and REITs managers with a financial year-end of 31 December 2019 can also defer their AGMs.

Clearing & Post-Trade

HKEX to Introduce Master SPSA Service for Fund Managers

18/03/2020

The new service allows pre-trade checking of China A shares for northbound trading at the fund manager level rather than at the individual fund level.

Trading & Investment

SET Revises Circuit Breaker Mechanism to Curb Volatility

18/03/2020

The circuit breaker will be triggered in three stages instead of two. The ceiling and floor limits for securities and derivatives are also revised.

Liquidity Risk

S. Korea Revises FX Derivatives Rule to Ease USD Funding Stress

18/03/2020

The limits on banks’ foreign currency forward positions will be raised to guard against a US dollar funding shortage amid a mass exodus of foreign capital.