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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.
Capital / Liquidity
RBA, APRA Free Up Liquidity, Capital Buffers for Banks
By Editors | 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.
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.
Capital / Liquidity
DTCC Offers Guidance on FRTB’s Risk Factor Eligibility Test
By Editors | 17/03/2020
Access to robust, high-quality price observation data is key to compliance with FRTB requirements to test the eligibility of the risk factors used in internal models.
Big Picture
Low Oil Prices Amplify Asset Risks at Singapore Banks: Moody’s
By Editors | 17/03/2020
The major concern for Singapore banks is the quality of loans to SMEs, which typically have lower financial flexibility and are more sensitive to operating and trade conditions.
Capital / Liquidity
RBI Amends Exposure Norms for Urban Cooperative Banks
By Editors | 16/03/2020
The single borrower and group exposure limit will be 15% and 25% of tier 1 capital, respectively, compared to 15% and 40% of total capital previously.
Capital / Liquidity
India’s Cabinet Green Lights Yes Bank Rescue Plan
By Editors | 16/03/2020
State Bank of India and 7 other FIs are investing over 100bn rupees in Yes Bank’s equity. The bank’s moratorium will be lifted on Wednesday.
Capital / Liquidity
RBNZ Defers Implementation of New Capital Framework
By Editors | 16/03/2020
The deferment will enable banks to supply up to around NZ$47bn in additional lending to households and businesses, the RBNZ estimates. The OCR has also been cut to 0.25%.
Capital / Liquidity
HKMA Responds to Fed Rate Cut, Reduces CCyB
By Editors | 16/03/2020
The base rate is being adjusted downwards to 0.86%, while the countercyclical capital buffer is being reduced from 2.0% to 1.0% to bolster lending.
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