The central bank says some banks are waiving interest on loans too generously, a practice which could lead clients to lose interest in timely repayment.
April 29, 2022The RBNZ will design a framework so that debt-to-income restrictions on mortgage lending are ready to be used by mid-2023, if needed.
April 29, 2022Sri Lanka is trying to restructure its loans from Chinese banks, offering golden visas to foreigners, and relaxing rules on securities margin financing.
April 29, 2022Banks are asked to provide financing support for government highway projects and optimise the repayment arrangements for such projects.
April 28, 2022The penalties are the result of six proceedings brought by ASIC in November. Westpac had already agreed to pay the penalties and customer remediation.
April 25, 2022The UNDP says Sri Lanka should introduce a temporary basic income and negotiate “debt-for-nature” swaps. The stock market has been closed all week.
April 22, 2022Five state banks are asked to grant defer repayments and grant new loans to debtors who are already past due on old debt.
April 21, 2022The CBIRC is encouraging banks and investment firms to explore new models of financing, where they provide both credit and direct investment to innovative firms.
April 12, 2022New sanctions imposed against Sberbank, Alfa Bank, Credit Bank of Moscow, Putin's adult daughters, and more Russian officials and oligarchs.
April 7, 2022To date, only 23 of Indonesia's 82 state-owned enterprises have made public offerings in the capital market.
March 28, 2022