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, 2020The 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, 2020The 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, 2020The 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, 2020Supervised financial institutions are encouraged to prudently leverage on technology to reinforce their controls against fraud and financial crime.
May 1, 2020This second package of measures is aimed at helping individuals ease their cashflow burden, reduce debt, and ensure access to basic banking services.
May 1, 2020All 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, 2020The relaxation of loan classification norms and the lowering of credit risk weights on MSME loans will apply until end-December 2021.
April 30, 2020The 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, 2020In 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