OTHER ASIA PACIFIC

    Capital / Liquidity

    Bank Indonesia Cuts Rates Again, OJK Demands Leniency for Borrowers

    By Editors | 22/03/2020

    Banks have also been told not to use debt collectors during the Covid-19 pandemic, and to instead help customers by restructuring existing debt and granting new subsidised loans.

    Capital / Liquidity

    HK, Singapore, Indonesia Assessed as NSFR, LEX Compliant

    By Editors | 22/03/2020

    Hong Kong, Singapore and Indonesia were assessed as compliant with global standards for the net stable funding ratio and large exposures framework.

    Capital / Liquidity

    Cambodia Delays Implementation of Capital Conservation Buffer

    By Editors | 19/03/2020

    The National Bank of Cambodia is also reducing interest rates on repo transactions with banks and encouraging more lending to the public.

    Capital / Liquidity

    Philippine Stocks Resume Trading, Central Bank Relaxes Regulations

    By Editors | 19/03/2020

    The BSP has cut interest rates and relaxed regulations on compliance reporting by banks, calculation of penalties on required reserves, and single borrower limits.

    Securities / Derivatives

    SBV Directs Banks to Support Borrowers, Cuts Interest Rates

    By Editors | 19/03/2020

    The central bank  has directed banks to restructure repayment periods, cut interest rates, waive fees and maintain debt classifications to support borrowers.

    Securities / Derivatives

    SET Revises Circuit Breaker Mechanism to Curb Volatility

    By Editors | 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.

    Capital / Liquidity

    Sri Lanka Closes Stock Market, Cuts Policy Rates

    By Editors | 17/03/2020

    The central bank has also asked financial institutions to refrain from engaging in speculative activity, which it says “could lead to panic in the financial market.”

    Capital / Liquidity

    Philippine Markets Shut, Central Bank Promises Regulatory Relief

    By Editors | 17/03/2020

    The Philippines has halted stock, bond and currency trading ‘until further notice’. The BSP is urging banks to provide financial relief to customers and employees.

    Big Picture

    Wolters Kluwer, PwC Complete PoC Using AI in Regulatory Reporting

    By Editors | 15/03/2020

    After minutes of training, algorithms were able to use 250,000 records of previously unseen raw data to predict regulatory reporting output with degrees of accuracy exceeding 99%.

    Securities / Derivatives

    SET Tightens Short Selling Rule After Second Trading Halt

    By Editors | 14/03/2020

    Short selling orders can now only be executed at prices higher than the last traded price, the SET said after its circuit breaker was triggered for the second day in a row.

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