The Financial Services Commission (FSC) has postponed implementation of margin requirements for non-centrally cleared derivatives by one year.   The postponement, noted the FSC, is aimed at easing compliance burdens on South Korea-based financial institutions due to the COVID-19 pandemic.   In April, both Canada and Australia similarly extended their

The Monetary Authority of Singapore, the Association of Banks in Singapore, and the Finance Houses Association of Singapore have announced additional measures to support individuals facing financial difficulties due to the COVID-19 pandemic.   Based on the announcement, the measures will extend the scope of relief for individuals to other

The Monetary Authority of Singapore has published guideline requirements for the margining of non-centrally cleared OTC derivatives contracts.   The guidelines address key areas including the scope of products and entities, margin calculations and methodologies, and eligible collateral and haircuts.   Photo Credit: Pixabay

The Monetary Authority of Singapore (MAS) will adjust selected regulatory requirements and supervisory programs in response to the COVID-19 pandemic.   According to MAS, the adjustment is designed to enable banks to focus on dealing with issues related to the pandemic and supporting their customers during this period.   The

The Central Bank, the Financial Services Regulatory Authority of Abu Dhabi Global Market and the Dubai Financial Services Authority have issued joint guidance for banks regarding the application of IFRS 9 during the COVID-19 pandemic.   Further details are available here.   Photo Credit:  Pixabay