All posts tagged "Finance Companies"
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432Australia & NZNew Responsible Lending Laws Take Effect in New Zealand
The new law requires lenders to act responsibly at all times. They can be forced to refund interest, fees and damages for failing to do so.
December 1, 2021 -
394Asia-PacificSri Lanka Budget Imposes Heavy Burden on Financial Industry
Sri Lankan bankers estimate that nearly 50 percent of the proposed LKR 304 billion in the budget will come from the financial services industry.
November 18, 2021 -
1.4KContributed ArticleImplementing the Final Phase of MAS’ OTC Derivatives Reporting Regime
Firms coming into scope on 1 October need to quickly complete onboarding and test their reporting to DTCC's Singapore trade repository.
September 7, 2021 -
497FeatureDTCC Urges Readiness for MAS Derivatives Reporting Requirements
Finance companies, subsidiaries of banks in Singapore, insurers and CMS licence holders will come into scope for reporting from 1 October.
August 13, 2021 -
211Capital / LiquidityMAS Ends Dividend Cap for Banks, Finance Companies
Local banks and finance companies should still exercise continued prudence in their discretionary distributions, and prioritise support to customers.
July 29, 2021 -
251Capital / LiquidityHKMA Considers Regulating Mortgage Lending by Nonbanks
Non-bank institutions such as finance companies and property developers have managed to circumvent the HKMA’s mortgage lending limits.
June 2, 2021 -
3.6KAustralia & NZNew Zealand to Introduce Deposit Guarantee Scheme by 2023
The NZBA's Roger Beaumont says banks should pay lower levies compared to non-bank deposit takers because they are less likely to call on the scheme.
April 23, 2021 -
3.2KESG / SustainabilityMAS Finalises Environmental Risk Management Guidelines for Banks
MAS has extended the transition period from 12 months to 18 months, and says it will start engaging key banks on their implementation progress from Q2 2021.
December 9, 2020 -
961ESG / SustainabilitySingapore 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 -
802Asia-PacificSri Lanka Drafts Resolution Framework for Banks, Finance Companies
The CBSL will have the ability to replace an institution's management, operate an agent institution and bail out an institution where necessary.
October 13, 2020
