United States

KYC & CDD

FATF Re-rates US as ‘Largely Compliant’ on CDD Measures

By Editors | 03/04/2020

The US is now compliant on 9 FATF Recommendations, largely compliant on 22, partially compliant on 5, and non-compliant on 4.

Payments & Settlements

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.

Trading & Investment

Short-selling Bans Fail to Achieve Positive Effects: WFE

By Manesh Samtani | 31/03/2020

In Asia, South Korea, Malaysia and Indonesia have imposed short-selling bans, while Thailand, Taiwan and India have tightened their rules to make the practice more difficult.

Capital Adequacy

Covid-19 Puts Financial Regulation Under Stress

By Peter Guy | 30/03/2020

Business continuity plans, social distancing measures, economic stimulus and liquidity constraints are hindering banks’ abilities to stay consistent with regulators’ expectations, says Peter Guy.

Liquidity Risk

BOK to Provide Banks $12b in USD Funding This Week

By Editors | 30/03/2020

The move is expected to help stabilise US dollar funding markets,  after the BOK signed a $60bn currency swap agreement with the US Federal Reserve earlier this month.

Liquidity Risk

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.

Liquidity Risk

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.

Liquidity Risk

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.

Liquidity Risk

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.