Over 850,000 borrowers are paying over 25% interest on loans at savings banks; FSS vows to protect consumers by boosting monitoring and inspection efforts and by publicly naming lenders charging excessively.
Setup five years ago, the Vietnam Asset Management Company is responsible for resolving 40% of NPLs, helping bring down NPL ratios at commercial banks to just 2.18 percent currently.
Central government efforts to reduce excess capacity has put pressure on local economies and firms’ ability to repay debt; thirteen banks have had their credit ratings cut or outlooks downgraded, according to analysis by Reuters.
HKMA has extended the implementation deadline for its bank exposure limit rules to 1 July 2019 given the tight implementation deadline and concerns raised by the industry.
HKMA had consulted on the minimum required capital needed by systemically important institutions in case they are rendered non-viable.
PBOC is looking to lower a structural parameter used in its quarterly macro prudential assessment, effectively lowering the amount required for capital buffers at some banks.
Inter Credit Agreement give more influence to a consortium's lead lender and allows for resolution plans to be approved with 66% agreement among majority lenders; signatories include over 80 lenders.
Vietnamese state-owned banks are raising external capital at a much slower pace than their privately-owned counterparts, putting pressure on their capital ratios and overall competitiveness, according to a Moody’s report.
Discussions are underway concerning a revision of South Korea’s Banking Act to nurture growth within the fintech industry, including a proposal to allow non-financial firms to hold up to 50% stakes in banks, including internet-only banks.
Basel’s new capital rules have impacted global derivatives markets by purging participants and liquidity. Whether or not this was the intended outcome, it will create onerous costs for entire markets and consumers.
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