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Capital / Liquidity
New Debtor Protection Act Takes Effect in South Korea
By Manesh Samtani | 21/10/2024
The new law requires lenders to provide debt workout services to debtors before initiating debt collection, debt transfers or court proceedings.

Capital / Liquidity
China’s NFRA Updates Rules for Syndicated Loan Business
By Editors | 19/10/2024
The NFRA said the revised rules, proposed in March, will help to “enhance banks’ enthusiasm for developing syndicated loan businesses”.

Capital / Liquidity
China NFRA Issues Clarifications on Regulations for NBFIs
By Editors | 19/10/2024
The NFRA clarifies that certain NBFIs do not have to comply with the same rules as banks due to their tendency to have fewer shareholders and concentrated shareholdings.

Capital / Liquidity
Kotak Mahindra to Acquire StanChart’s Retail Loan Book
By Nithya Subramanian | 18/10/2024
The acquisition is expected to be completed in 3 months, allowing StanChart to focus on the wealth and SME segments as well as investment banking.

Securities / Derivatives
China Launches Two New Facilities to Boost Stock Market
By Manesh Samtani | 18/10/2024
A new swap facility provides funding for securities firms, funds and insurers to invest in stock. A new relending facility will finance stock repurchases.

Capital / Liquidity
FINMA Directs UBS to Make Adjustments to Recovery Plans
By Nithya Subramanian | 18/10/2024
FINMA said UBS’s resolution planning must be further developed to increase the options for action available if there is a risk of insolvency.

Capital / Liquidity
China Tightens Rules for Financial Leasing Businesses
By Editors | 29/09/2024
The rules raise the requirements for major shareholders of leasing companies and seek to improve corporate governance and risk management.

Capital / Liquidity
Korea to Require Higher Microfinance Contributions from FIs
By Mark Johnston | 29/09/2024
South Korea’s cabinet approved a revision to bolster financial assistance for vulnerable groups experiencing challenging economic conditions.

Capital / Liquidity
Japan’s Kirayaka Bank Gets 13 More Years to Repay Public Funds
By Thisanka Siripala | 28/09/2024
Kirayaka Bank has received approval from the FSA and its parent company’s shareholders to postpone repayment of $140 mn in public funds.

Capital / Liquidity
China Announces Series of Measures to Stimulate Economy
By Manesh Samtani | 27/09/2024
The measures seek to boost consumption, support the stock market, free up financial system liquidity, and boost bank capital.
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