穆迪分析风险及金融从业者论坛2020

Inside ASEAN

Coronavirus-related disruption heightens credit risks for some emerging market sovereigns

Global Economic Forecast Update

Idiosyncratic Shocks and Multifamily Housing: COVID-19 and What We Can Learn from Earthquakes, Hurricanes, and Terrorism

This study examines case studies from past idiosyncratic shocks for guidance on how both supply- and demand-side factors may change in response to coronavirus and social distancing.

COVID-19: Global Economic Tsunami

The onus is now on governments to quickly provide substantial financial support to hard-pressed households and businesses. How much economic damage COVID-19 ultimately does will depend on the trajectory of the virus—and how governments respond.

APRA Delays Implementation of New Data Collection Solution

APRA has temporarily suspended the program to replace the Direct to APRA (D2A) data collection tool with APRA Connect, in light of the challenges posed by COVID-19.

APRA Announces Policy Measures in Response to Impact of COVID-19

APRA has suspended the majority of planned policy and supervision initiatives in response to the COVID-19 disruption.

APRA to Extend Parallel Reporting Period Under ARS 331 and RRS 331

APRA, the Reserve Bank of Australia (RBA), and the Australian Bureau of Statistics (ABS) released a letter to all authorized deposit-taking institutions and registered financial corporations.

COVID-19: Global Recession

COVID-19 has created a global economic tsunami that is now hitting the United States and Europe with full force.

How Bad Can It Get? COVID-19 and The Outlook for CRE

In this analysis, Dr. Victor Calanog of Moody's Analytics offers insight into how a protracted economic slump might translate to multifamily and commercial real estate fundamentals.

APRA Adjusts Capital Expectations for Banks Due to COVID 19

APRA announced temporary changes to its expectations regarding bank capital ratios, to ensure banks are well-positioned to continue to provide credit to the economy in the current challenging environment.

BCBS on NSFR and Large Exposure Rules in HK, Indonesia, and Singapore

BCBS published reports assessing the implementation of net stable funding ratio (NSFR) standard and the large exposures framework in Hong Kong SAR, Indonesia, and Singapore.

RBNZ Announces COVID-19 Relief Measures for Financial Institutions

In the context of the disruption caused by COVID-19, RBNZ has announced regulatory relief measures to support the provision of credit and market functioning.

HKMA Reduces Countercyclical Capital Buffer for Banks to 1%

HKMA announced that the countercyclical capital buffer (CCyB) for Hong Kong is being reduced from 2.0% to 1.0%, with immediate effect.

Tip of the Iceberg: The Global Ramifications of a China Debt Crisis

Highly Commended for Best Emerging Markets Paper in the 2019 Savvy Investor Awards, this paper considers the consequences of a China debt crisis for the Chinese and global economies, with a special focus on Southeast Asia and emerging markets.

Panic, Volatility, and CRE Finance & Transaction Markets

Volatility has risen significantly in financial markets, driven by COVID-19. How might this affect US multifamily and commercial real estate (CRE) transaction markets? What are the mechanisms through which panic and a flight to safety will hurt some markets but benefit some players?

APRA Revises Implementation Approach and Timeline for APRA Connect

APRA has released a revised implementation approach and timeline for its new data collection solution, known as APRA Connect, which will replace Direct to APRA (D2A).

OJK Requests Responses on Publication of Commercial Bank Reports

OJK is requesting responses to circular related to transparency and publication of conventional commercial bank reports.

MAS Amends Legislation Due to Revised Capital Rules for Insurers

MAS has made amendments to the relevant legislation to include references to MAS Notice 133 on valuation and capital framework for insurers and to update references as a result of amendments to the Insurance (Valuation and Capital) Regulations 2004, where applicable, as communicated in the circulars dated February 28, 2020.

HKMA Issues Risk Management Practices for Algorithmic Trading by Banks

HKMA published sound practices on the management of risks associated with algorithmic trading by the authorized institutions.

Coronavirus: COVID-19 Pandemic Scenario Narrative: Known Unknowns

The coronavirus is an existential threat to the record-long global economic expansion. The Centers for Disease Control and Prevention says it is likely that COVID-19 will become a global pandemic. If the CDC's warning comes to pass, then recession will be difficult to avoid.

MAS Response to Parliamentary Question on Green Bond Grant Scheme

MAS published the reply of Tharman Shanmugaratnam of MAS, to the Parliamentary question on plans to expand the Green Bond Grant Scheme, with stricter regulations to ensure the adherence to the definition of eligible expenses.

IMF Publishes Reports on 2019 Article IV Consultation with Australia

IMF published staff report and selected issues report under the 2019 Article IV consultation with Australia.

Assessing the Economic Impact of the COVID-19 Virus Under Alternative Scenarios

The COVID-19 virus continues to spread and the economic damage is mounting.

BNM Consults on Regulatory Framework for Digital Banks

BNM issued an updated exposure draft on the licensing framework for digital banks.

MAS Amends Risk-Based Capital Framework Requirements for Insurers

MAS published a circular that informs all licensed insurers about the issuance of the Insurance (Valuation and Capital) (Amendment) Regulations 2020 and of the new MAS Notice 133 on Valuation and Capital Framework for insurers in Singapore.

APRA Publishes the First Edition of APRA Insight for 2020

APRA published the first edition of APRA Insight for 2020.

IMF Publishes Reports on 2020 Article IV Consultation with Malaysia

IMF published staff report and selected issues report under the 2020 Article IV consultation with Malaysia.

IA of Hong Kong Announces Exemption for Insurers Due to COVID-19

IA of Hong Kong has announced that entities can request an exemption from submission of certain required documents under the Insurance Ordinance, keeping in mind the disruption resulting from COVID-19.