Banks and NBFCs will have to set aside more capital against personal loans and credit card receivables, and tighten their credit standards.
November 17, 2023BNPL lenders will have to complete comprehensive credit reporting when customers sign up or increase their credit limit.
August 11, 2023The new consultation paper covers licensing, financial, governance and conduct requirements for unregulated credit services including BNPL providers.
April 6, 2023ANZ received sensitive information or documents about borrowers from unlicenced third parties through its introducer programme.
March 13, 2023The amendments are designed to ensure consumers of SACCs and consumer leases are not left unable to meet their basic needs or other financial commitments.
February 21, 2023The reforms include overhauls of the ring-fencing and senior managers regimes, a new green finance strategy, and an investment management exemption for cryptoassets.
December 13, 2022The consultation focuses on Big Tech firms’ entry and expansion into four retail sectors - payments, deposit taking, consumer credit and insurance.
October 28, 2022The guide covers the use of IndONIA in business credit, consumer credit, trade finance, and derivative products, as well as rupiah FRNs.
October 4, 2022A 'Consumer Credit Oversight Board' will be established as an independent authority to oversee all consumer credit activities including BNPL under a single umbrella.
August 5, 2022Authorities say they are seeking to use the social credit system to improve financing opportunities and increase lending to businesses and individuals.
April 8, 2022