Credit Risk

OECD Warns of Global Debt Pileup from Corporate Bonds

19/02/2020

High leverage in the corporate sector make it essential to improve the ability of equity markets to strengthen corporate balance sheets and support long-term investments.

Conduct, Culture & Accountability

New Zealand Takes Step Towards New Financial Conduct Regime

19/02/2020

New legislation to establish an effective fair conduct regime for the financial sector has passed its first reading in New Zealand.

Trading & Investment

SEBI Forms Municipal Bonds Development Committee

18/02/2020

The committee will advise on regulation to develop the primary and secondary markets for municipal bonds.

Conduct, Culture & Accountability

TWSE Amends Listed Company Guidelines to Enhance Governance, CSR

18/02/2020

The amendments include stock trading controls to prevent insider trading, ethical management units at listed companies, and disclosures of governance practices for managing climate risk.

Structural Regulation

SEBI Bars Portfolio Managers from Charging Upfront Fees

18/02/2020

SEBI has barred portfolio managers from charging upfront fees from clients and imposed caps on annual management fees and exit loads.

Custody & Infrastructure

AUSTRAC, Home Affairs Dept Highlight Benefits of Blockchain

18/02/2020

The Department of Home Affairs and AUSTRAC say blockchain has the potential to significantly reduce compliance costs and the regulatory burden imposed on reporting entities.

Cloud & Infrastructure

SEBI Approves Live Sandbox Testing for Regulated Entities

18/02/2020

SEBI-registered entities can test new products, services and business models on a limited set of customers, for a specified period of time, with certain regulatory relaxations.

Credit Risk

China: Fees Hinder Entry of Foreign Distressed Debt Funds – Report

18/02/2020

Offshore funds have to rely on accounting and law firms throughout the three- to four-year life cycle of a transaction in China, at cost of up to 15% of the transaction’s value.

Liquidity Risk

PBOC Injects Funds, Sterlises Bills to Contain Virus Epidemic

18/02/2020

The PBOC has lowered the interest rate on its medium-term lending facility, injected 100bn yuan in liquidity via reverse repos, and ordered banks to disinfect yuan bills.