All posts tagged "Credit card"
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492Asia-PacificBangladesh Announces Measures to Aid Businesses Through Lockdown
Under a $7.9bn stimulus plan, banks will distribute working capital loans with the interest cost to businesses partly subsidised by the government.
April 6, 2020 -
944FeatureMAS Unveils Debt Relief Measures for Individuals, SMEs
Mortgage loans and SME term loans can be deferred. Credit card balances can be converted to low-cost term loans. Insurance payments can be deferred or rescheduled.
April 1, 2020 -
500Capital RegulationBNM Orders Automatic Moratorium on Loan Repayments
Credit card balances should be converted to term loans. Banks will have to maintain a minimum NSFR of 80% instead of 100% from 1 July.
March 25, 2020 -
428Capital 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 -
921Hong Kong
HKMA Urges ‘Sympathetic Stance’ for Borrowers Affected by Coronavirus
The HKMA is encouraging banks to adopt a sympathetic stance to customers facing coronavirus-related difficulties and to consider offering relief on debt repayment and fees.
February 7, 2020 -
262Asia-PacificBOT Launches Phase Three of ‘Debt Clinic’ Scheme
Phase 3 will expand the scope of covered personal debt to include cases involving a single debtor. The Debt Clinic has so far helped over 3,000 borrowers refinance bad debt.
February 5, 2020 -
412Australia & NZUnauthorised New Zealand Adviser Faces Lengthy Jail Term
A New Zealand court has reportedly convicted an unauthorised financial adviser of 38 charges relating to a long-running fraud which funded a lavish lifestyle of private jets and jewellery.
August 20, 2019 -
2.4KFeatured ArticlesMAS Proposes Increased Scope for Accountability, Conduct Guidelines
MAS proposes to apply its 2018 accountability and conduct guidelines to a wider range of financial institutions, including fund managers, trade repositories and benchmark administrators.
June 7, 2019 -
1.1KFintech / RegtechS. Korea FSC Accepts First Nine Fintech Sandbox Participants
South Korea’s financial regulator has announced the first nine fintech services that it will allow to operate in its regulatory sandbox.
April 18, 2019 -
676IndiaRBI Eyes Holding Company Model for India’s Banks
The RBI wants banks to operate as subsidiaries of financial holding companies, with other business arms also split off into separate subsidiaries.
February 11, 2019
