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Market Infrastructure
Japan Lacks Consensus on LIBOR Replacement – Report
By Editors | 05/04/2020
About 57% of Japanese banks say TIBOR should be used, while about 70% of companies prefer to use forward-looking term rates based on TONAR.
Market Infrastructure
Australia Tightens Foreign Investment Rules, Citing National Interest
By Editors | 02/04/2020
Federal approval is now required for all proposed foreign investments regardless of value or the nature of the foreign investors.
Capital / Liquidity
China: State Council to Bolster Financial Support for SMEs
By Editors | 01/04/2020
The new measures will include another RRR cut, $141bn in re-lending and re-discounting quotas, and new bond issuances to exclusively support SME loans.
Market Infrastructure
Bursa Malaysia Implements ISO 20022 for Corporate Announcements
By Editors | 01/04/2020
The messaging standard will transform the corporate announcements flow in Malaysia, favour interoperability with other marketplaces, and foster innovation.
Securities / Derivatives
NZX Subsidiary to Assume Frontline Regulatory Functions
By Editors | 01/04/2020
The new subsidiary will be structurally separate from NZX’s commercial and operational activities and governed by a largely independent board.
Market Infrastructure
SEBI Asks Rating Agencies to Delay Default Recognition
By Editors | 31/03/2020
Market participants call SEBI’s move timely, amid fears of mass downgrades in light of the operational disruptions caused by Covid-19.
Market Infrastructure
Xiaomi-backed Virtual Bank Launches Hong Kong Pilot
By Editors | 31/03/2020
The pilot will allow 2,000 friends and relatives of Airstar, Xiaomi and AMTD Group employees to trial new virtual banking services under the HKMA’s sandbox.
Market Infrastructure
Fed Establishes Repo Facility to Ease USD Funding Stress
By Editors | 31/03/2020
Foreign central banks can temporarily exchange their US Treasury holdings with the Fed for US dollars, which can then be made available to institutions in their own jurisdictions.
Market Infrastructure
India: State Bank Merger Plan Takes Effect on 1 April
By Editors | 31/03/2020
A plan to merge ten state-run banks into four takes effect from 1 April, in a move that will help consolidate their national presence and extend their global reach.
Market Infrastructure
MAS Eases SGD Policy Amid Negative Growth Expectations
By Editors | 30/03/2020
MAS projects the ongoing wave of Covid-19 outbreaks will continue to dampen global growth beyond the first half of the year.
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