The legislation will bring BNPL products under the FCA's regulatory remit, and require BNPL providers to conduct affordability checks.
February 15, 2023The rules will implement the requirements of the Financial Products and Services Consumer Protection Act, which passed in May last year.
January 31, 2023The cumulative balance of green finance deployed will reach CNY 1.5 trillion by 2025. Banks and insurers will establish dedicated green finance business centres in Shanghai.
January 16, 2023Officials asked banks to align their credit policies with stability objectives, including to help improve cash flows and balance sheets at "high-quality" real estate firms.
January 13, 2023A blanket ban on providing credit could push retail investors to lend their crypto tokens via unregulated offshore firms.
January 10, 2023Many of the new questions in the SFC's updated BRMQ focus on AML/CFT practices and brokerage business controls.
December 30, 2022The Sustainable Central Banking strategy sets out the BSP’s approach to promoting sustainability in the financial system.
December 29, 2022More granular information on SMEs will be added to the public credit registry. Additional measures will enhance competition in the credit rating market.
December 29, 2022Professional services ban expanded from accounting, consulting and PR services to include trust, advertising, auditing, engineering and IT consultancy and design services.
December 23, 2022With the growing popularity of digital platforms to apply for credit products, banks are "reminded to ensure proper protection of their customers", the HKMA said.
December 22, 2022