All posts tagged "Banks"

CBIRC Proposes New Rules on Consumer Rights Protection

The proposed rules prohibit misleading sales, compulsory product bundling, unreasonable charges, and "algorithmic discrimination".

CBIRC Issues Rules to Standardise ECL Processes at Banks

The rules will address differences in how banks have implemented the ECL method, and prevent its use as a "tool" to adjust profits.

RBI Assesses Six Applicants Unsuitable for Banks Licensing

New Zealand Fund Manager Fees Overshadow Performance: FMA

Fund managers are showing repeatable performance but the "benefits of their skill" are being overshadowed by fees and commissions paid to third parties.

Shanghai Directs Exchanges, FIs to Resume On-site Operations

864 financial institutions are on a list of white-listed entities that are allowed to start sending employees back to the office. The list will be updated weekly.

Risks Were Visible in EMIR Data Prior to Archegos Collapse: ESMA

ESMA found that reported trade activity data could be used to track the evolution of Archegos’ positions in individual stocks and analyse the mark-to-market value of its portfolio of swaps.

RBI Says Banks Can Continue to Label NBFC Loans as PSL

Banks were allowed to classify lending to NBFCs as priority sector lending in September 2020, provided the funds were on-lent to priority sectors.

Regulation Needed for ‘Shadow’ Crypto Financial System: BIS

As banks and asset managers increase exposure to crypto, substantial activity is still concentrated in lightly regulated crypto exchanges.

China Lowers Mortgage Rates for First-home Buyers

The move is designed to revive the property market. Last week banks were also directed to adjust how they set deposit rates.

China: State-owned Banks to Step Up Lending to MSMEs

State Council-approved measures call on state-owned banks to increase lending and repayment flexibilities for MSMEs.