All posts tagged "coronavirus"
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837Hong KongHKMA Initiative to Nurture Young Talent for Banking Industry
The HKMA will sponsor up to half of the salaries of the fresh graduates employed by firms that participate in the Banking Talent Programme.
June 4, 2020 -
554Australia & NZSuper Funds Pay Out A$1.3b in First Week of Early Release Scheme
The Association of Superannuation Funds of Australia estimates that super funds may have paid out A$7.1bn in total, including the second week of the initiative.
May 4, 2020 -
855MalaysiaBNM Faces Backlash Over Revised Moratorium Guidance
The initial version of BNM's FAQs appeared to suggest that no extra interest would be charged on hire-purchase loans under deferment, but a revised illustration shows interest can accrue.
May 4, 2020 -
2.8KCapital RegulationGlass Half Full: Basel IV Presents Opportunity for Constructive Change, COVID-19 the Impetus
The COVID-19 pandemic is an additional catalyst for financial institutions to generate fundamental structural change as they seek to implement Basel reforms, says AxiomSL’s Mahim Mehra.
May 3, 2020 -
1.3KAML / KYCBSP Warns of Covid-19 related Money Laundering Risks
Supervised financial institutions are encouraged to prudently leverage on technology to reinforce their controls against fraud and financial crime.
May 1, 2020 -
1.1KSingaporeMAS Unveils Additional Financial Industry Support for Individuals
This second package of measures is aimed at helping individuals ease their cashflow burden, reduce debt, and ensure access to basic banking services.
May 1, 2020 -
1.1KAustralia & NZRBNZ Removes LVR Restrictions on Mortgage Lending
All locally incorporated banks who responded to the one-week consultation were in favour of removing LVR restrictions, saying it would allow them to better support their customers.
April 30, 2020 -
710Asia-PacificBSP Relaxes Loan Classification Norms, MSME Loan Risk Weight
The relaxation of loan classification norms and the lowering of credit risk weights on MSME loans will apply until end-December 2021.
April 30, 2020 -
771EuropeFCA Extends Deadline for Lenders to Stop Issuing New LIBOR Loans
The deadline extension for lenders is a response to Covid-19, as the FCA seeks to avoid disrupting the flow of loans to help companies stay afloat during the pandemic.
April 30, 2020 -
547Australia & NZASIC Quadrupled Criminal Charges Laid in H2 2019
In the six months to December 2019, ASIC did not have any new enforceable undertakings, reflecting its post-Royal Commission 'why not litigate' approach to enforcement.
April 30, 2020
