Regulatory authorities will conduct on-site inspection to ensure that banks are in compliance with tighter household lending requirements and that business loans have not been used to purchase houses in 15 wards of Seoul.
Qianhai Financial Assets Exchange, the Chinese first exchange to sell bad debt to foreign investors, seeks to simplify processes to enable easier access for investors overseas.
The central bank’s February circular allowed banks 180 days to resolve defaulted loans over 20bn rupees; many of these accounts will now be referred to bankruptcy courts.
RBI deputy governor says that a public credit registry, with inputs from the corporate registration and GST database, will help increase access to credit in India.
A recent report by Moody’s Investor Services says the government's recapitalisation plan for state run banks will be just enough to cover loan losses and regulatory capital ratios, but not enough to boost credit growth required for economic expansion.
FSA commissioner urges regional banks, whose profits are down 30% from 5 years ago, to explore ways to manage low interest environment, other than blaming monetary policy.
Government wants central bank to review criteria for releasing banks from PCA framework, shift to Basel III capital standards.
Three state-run banks were among those that received local and foreign currency ratings upgrades following a notch up in Vietnam's sovereign rating earlier this year.
APRA is seeking industry feedback on potential new approaches to the capital framework for banks to make them more internationally comparable and flexible.
Vietnam is looking to potentially stop issuing licenses to foreign banks even as the State Bank of Vietnam is proposing to ease requirements for the establishment of domestic banks.