United States

BOK Promises “Unlimited Liquidity” for Financial Firms

By Editors | 26/03/2020

South Korean authorities will also reduce the amount of high-quality foreign assets banks need to hold to free up additional US dollar liquidity.

MAS Offers Banks US Dollar Funding

By Editors | 26/03/2020

Banks are “strongly encouraged” to avail themselves of MAS liquidity facilities so that they can better serve customers.

Securities / Derivatives

BOT Establishes Liquidity Facility for Money Market, Fixed Income Funds

By Editors | 25/03/2020

Money market and daily fixed income funds can obtain low-cost liquidity assistance from banks, which can in turn use fund units they buy under repurchase agreements as collateral for BOT liquidity.

Capital / Liquidity

BSP Announces RRR Cut, Lenders Asked to Grant Debt Relief

By Editors | 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.

Market Infrastructure

US Fed Indicates Open-ended Commitment to Quantitative Easing

By Editors | 23/03/2020

“Aggressive efforts must be taken across the public and private sectors,” the Fed said, effectively pledging to buy Treasuries and mortgage-backed securities to any extent required

Securities / Derivatives

EU, US, UK Authorities Grant Relief on Call Recording Rules

By Editors | 23/03/2020

ESMA, the CFTC and the FCA have each indicated that financial firms can consider alternative mitigating steps in circumstances where call recording with clients is not possible.

Capital / Liquidity

RBNZ Announces Bond Buying Programme, Other Measures

By Editors | 22/03/2020

The latest measures include a NZ$30bn bond-buying programme, a new term lending facility for banks, and additional liquidity to support funding markets.

Fintech / Regtech

Now More than Ever: The Need for Reliable Conduct Risk Metrics

By Stephen Scott | 20/03/2020

The demands being imposed on the global banking system highlight the Achilles Heel of nonfinancial risk management and, particularly, misconduct risk, says Stephen Scott at Starling.

Market Infrastructure

Fed Establishes FX Swap Lines with Nine Central Banks

By Editors | 19/03/2020

Temporary currency swap lines will be established with 9 central banks – including BOK, RBA, MAS and RBNZ – to lessen the strain on US dollar funding markets.