All posts tagged "debt restructuring"
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53Asia-PacificCambodia: NBC Extends Debt Relief Measures to Year-End
The NBC has committed to maintaining the RRR at 7 percent "until further notice" and removed a three-time limit on debt restructuring.
June 2, 2021 -
113Asia-PacificBank of Thailand Unveils Third Phase of Debt Relief
The third phase of debt relief measures covers unsecured credit card and personal loans, auto hire-purchase loans, car title loans and mortgages.
May 19, 2021 -
263Capital RegulationICBC, Ping An Dispose of First Packages of Bad Personal Loans
Asset managers bought packages of bad personal loans from ICBC and Ping An Bank at auction under a new pilot programme.
March 8, 2021 -
199SingaporeSingapore Launches Simplified Insolvency, Restructuring Programme
Eligible micro and small companies severely impacted by Covid-19 can apply for help with debt restructuring, business rehabilitation or orderly winding up.
February 5, 2021 -
837SingaporeSingapore Lenders Launch New Debt Restructuring Scheme for SMEs
The scheme will facilitate a common approach to SME debt restructuring among 16 participating lenders. A separate scheme has been launched for sole proprietors and partnerships.
November 2, 2020 -
310Asia-Pacific
BOT Enhances Fair Service Rules for Banks, Asset Managers
Besides banks and their subsidiaries, the rules have been extended to cover also asset managers and nanofinance operators.
September 17, 2020 -
786FeatureS. Korea Unveils Details of New Consumer Credit Bill
The bill obliges lenders to offer debt restructuring plans to delinquent borrowers if such a request is made, and places restrictions on the use of debt collection agencies.
September 14, 2020 -
547Asia-Pacific
BOT to Launch Debt Restructuring Programme for Businesses
The new programme is designed to help businesses to restructure debt owed to multiple creditors. A similar programme for household borrowers already exists.
August 25, 2020 -
741MalaysiaMalaysia Bolsters Debt Resolution Support for SMEs
From 1 September, SMEs can seek debt restructuring services, financial education and advisory from the Credit Counselling and Debt Management Agency, known as the AKPK.
August 20, 2020 -
1.2KBig PictureCovid-19 Liquidity Issues to Morph into Solvency Threat: BIS
Once the acute illiquidity phase of the crisis passes and insolvency problems emerge, the onus of crisis management will shift from central banks to fiscal authorities.
July 1, 2020
