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Capital Adequacy
Japan FSA Issues Draft Policy for Basel III Implementation
By Editors | 02/01/2021
Japan will adopt the Basel III standards in consideration of the characteristics of domestic financial institutions, the FSA said.
Credit Risk
BSP Grants Foreign Banks Relief from Single Borrower’s Limit
By Editors | 02/01/2021
The measure is expected to help boost lending, bolster economic growth and diversify credit exposures, said BSP governor Benjamin Diokno.
Structural Regulation
Chinese Regulators Order Ant Group to Reorganise Business
By Manesh Samtani | 31/12/2020
Ant Group is directed to refocus on its payments business and correct regulatory violations in its credit, insurance, wealth management and asset securitisation businesses.
Credit Risk
Korea to Lower Max Interest Rate on Loans in H1 2021
By Editors | 30/12/2020
A new enforcement decree will take effect in February 2021, lowering the maximum interest rate on loans from 24% to 20%.
Credit Risk
Philippines: BSP to Standardise MSME Loan Applications
By Editors | 24/12/2020
A standard business loan application form will simplify and improve the application process, while also facilitating banks’ risk assessments and speeding up turnaround time.
Operational Risk
Korea to Standardise ‘Tech Financing’ Credit Models in 2021
By Editors | 23/12/2020
A new guideline being introduced will improve the accountability of ‘tech credit’ evaluating institutions and require them to use standard evaluation models.
Structural Regulation
Chinese Banks Urged to Extend Financing Support to Foreign Funded Firms
By Editors | 23/12/2020
Major foreign-funded companies should get equal access to some financing programmes as their Chinese counterparts, said a circular from MOFCOM and the CBIRC.
Structural Regulation
Chinese Fintechs Remove Bank Deposit Products from Online Platforms
By Editors | 23/12/2020
Smaller regional lenders have circumvented the geographical limits of their licences by offering deposit products on online platforms operated by Ant Group and Tencent, among others.
Liquidity Risk
BOJ Extends SME Lending Scheme, Pledges Continued Monetary Easing
By Editors | 23/12/2020
The central bank has extended its SME lending programme by six months and removed its upper limit of JPY 100 billion per institution.
Capital Adequacy
Korea FSS Considers Imposing Limits on Bank Dividends
By Editors | 22/12/2020
While banks performed better than expected this year, the FSS is concerned about new Covid-19 cases being detected in Korea and resulting economic uncertainty.
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