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Credit Risk
China: Top Court Cuts Private Lending Rates Nationwide
By Editors | 23/08/2020
Private lenders can charge a maximum four times the one-year loan prime rate. Based on the current rate, the maximum lending rate is 15.4%, compared to 24% previously.
Credit Risk
BSP Relaxes Real Estate Lending Limits for Banks
By Editors | 21/08/2020
The higher limit will encourage bank lending to households for the acquisition or construction of a residential real estate property the BSP said.
Liquidity Risk
New Zealand Expands Business Finance Guarantee Scheme
By Editors | 20/08/2020
The maximum loan amount and maximum term are being increased, and more businesses will have access to the scheme, until 31 December.
Credit Risk
The Case for a Central Lending Platform in Singapore
By Irene Liu | 20/08/2020
Not enough SMEs are taking advantage of government supported loan programmes, in part due to the onerous processes involved in accessing them, say PwC’s Irene Liu and Shierly Mondianti.
Credit Risk
Malaysia Bolsters Debt Resolution Support for SMEs
By Editors | 19/08/2020
From 1 September, SMEs can seek debt restructuring services, financial education and advisory from the Credit Counselling and Debt Management Agency, known as the AKPK.
Liquidity Risk
Asian Central Banks Fear Return of USD Funding Stress
By Editors | 19/08/2020
Trade frictions, a resurgence of Covid-19 infection rates, and rising corporate insolvency and credit rating downgrades could prompt renewed US dollar funding stress, says a new report.
Credit Risk
HKMA Eases LTV Rule for Commercial Real Estate Loans
By Editors | 19/08/2020
Effective from 20 August, the loan-to-value ratio cap is being raised from 40 to 50 percent. The 40 percent cap was introduced in 2009 as a market cooling measure.
Liquidity Risk
BOJ Has Effectively Paid Banks to Lend to Businesses – Report
By Editors | 18/08/2020
In April, the BOJ started offering banks a 0.1% interest rate if they used a new lending facility to lend to SMEs. Banks have shown record lending in recent months.
Credit Risk
RBNZ Extends Mortgage Deferral Scheme Another Six Months
By Editors | 17/08/2020
The extension means banks can continue to offer temporary mortgage deferrals to their customers without the loans being treated as in default.
Fraud, Scams & Cybercrime
China’s P2P Crackdown Leaves Just 29 Operators in Business
By Manesh Samtani | 17/08/2020
Savers who invested in the thousands of now-defunct P2P platforms over the last several years have not yet managed to recover their funds.
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