Other Asia Pacific

UPDATED – BOT Announces Emergency Rate Cut, Other Measures

By Editors | 22/03/2020

The central bank says the rate cut will have a greater impact if FIs take an active role to address borrowers’ liquidity problems and accelerate debt restructuring.

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.