United States

Conduct, Culture & Accountability

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.

Liquidity Risk

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.

Conduct, Culture & Accountability

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.

Payments & Settlements

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.

Liquidity Risk

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.

Trading & Investment

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.

Liquidity Risk

S. Korea Cuts Key Interest Rate to Record Low

By Editors | 17/03/2020

Bank of Korea has cut its key rate by 50 basis points to 0.75 percent, joining other central banks unveiling emergency measures to fight the coronavirus outbreak.

Liquidity Risk

US Fed Cuts Rates, Relaxes Regulatory Requirements to Boost Lending

By Editors | 15/03/2020

The Fed is cutting interest rates by 100bps and will buy $700bn in assets. Banks will no longer have to meet reserve requirements and can use capital and liquidity buffers to lend.

Trading & Investment

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.