The new regulations tighten th caps on interest rates and late fees while also lowering borrowing limits imposed on debtors.
January 9, 2024Fully guaranteed loans are being provided to taxi owners to encourage them to replace their LPG, petrol or hybrid taxis with electric taxis
September 5, 2023The SFC and AFRC will work together to address misconduct involving dubious loans issued by listed companies to third parties.
July 14, 2023Banks with material SME business are expected to complete their technical connection to the CDI and CCRA@CDI before the end of this year.
February 16, 2023The new platform will enable SMEs to get cheaper bank loans, and enable banks to access the information they need to assess creditworthiness.
October 25, 2022Vice chairman Kim So-young said the FSC will remove barriers that prevent financial services firms from making use of big data and AI technology effectively.
August 9, 2022The SC plans to make it a requirement for the majority of board members and the rating committee to be independent.
June 14, 2022Hong Kong official Christopher Hui says regulations for banks and money lenders on providing unsecured credit already cover BNPL services.
June 5, 2022Two banks and two bill finance companies have not been compliant with regulations aimed at limited credit flows to the real estate sector.
March 28, 2022New BIS paper says consent-based data governance systems with low transaction costs are key to promoting the development of virtual banking worldwide.
January 28, 2022