All posts tagged "coronavirus"
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155Big PictureChina: Restoring NPL Recognition Standards May Take Years: S&P
China's relaxed bad loan recognition standards to help businesses through the Covid-19 outbreak may have long-term repercussions for the creditworthiness of some institutions.
February 24, 2020 -
232Capital RegulationPBOC Cuts Benchmark Lending Rate As Economic Concerns Weigh
The PBOC pledged to help companies by lowering lending rates, increasing credit support, and ensure banking system liquidity through RRR cuts and MLF loans.
February 21, 2020 -
650ChinaChina Likely To Push Asset Owners To Embrace ESG
Beijing will likely require asset owners play a bigger role in ESG investing as part of broader sustainability plans when it announces its five-year plan later this year, according to KPMG.
February 21, 2020 -
153China
PBOC Injects Funds, Sterlises Bills to Contain Virus Epidemic
The PBOC has lowered the interest rate on its medium-term lending facility, injected 100bn yuan in liquidity via reverse repos, and ordered banks to disinfect yuan bills.
February 18, 2020 -
420Hong KongHong Kong Bankers Compare Covid-19 to ‘Nightmare’ Stress Test
The actions being taken to combat the novel coronavirus are reportedly "very close" to those taken in a simulated exercise last October, which involved a pandemic, cyberattack and telecoms breakdown.
February 17, 2020 -
288KoreaS. Korea to Deploy Emergency Measures to Minimise Covid-19 Impact
The central bank is working on financial aid packages for the sectors directly affected by Covid-19, on top of the 1.9bn won package already announced by the government to aid SMEs and small merchants.
February 17, 2020 -
223EnforcementNissan Seeks Damages from Former Chairman Carlos Ghosn
The lawsuit seeks $90mn initially, seeking to recover funds linked to fraudulent payments, as well as legal, regulatory and investigation costs already incurred by Nissan.
February 14, 2020 -
282Capital RegulationHKMA Convenes Special Teleconference on SME, Personal Lending
The Banking Sector SME Lending Coordination Mechanism discussed ways to extend greater support to SME and retail customers, in light of the Covid-19 threat to cashflows.
February 14, 2020 -
261SingaporeDBS Announces Relief Measures for SME, Retail Clients
Relief will be provided on SME property loans, import facilities and retail mortgage loans. The announcement comes after a DBS employee tested positive for Covid-19.
February 14, 2020 -
346Capital RegulationHKMA Vows to Preserve Stability Amid Covid-19 Threat
HKMA chief Eddie Yue indicated a willingness to be flexible towards banks facing difficulties in meeting regulatory requirements.
February 13, 2020
