All posts tagged "interest rate"
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259FeatureFSC Korea Moves to Prevent Accumulation of Household Debt
Banks will be subject to a monthly inspection to assess their unsecured lending practices; the government will reduce the maximum legal lending rate from 24% to 20%.
November 17, 2020 -
478Capital RegulationBOJ Offers Interest Incentive for Regional Banks to Merge
Regional banks can earn the interest rate by meeting certain overhead reduction targets or by agreeing to a merger with another bank.
November 11, 2020 -
485Australia & NZRBA Cuts Cash Rate to Record Low, Confirms More Bond-buying
The official cash rate is expected to remain at 0.1 for three years. The RBA will also buy A$100bn of government bonds over the next six months.
November 4, 2020 -
749Capital RegulationPBOC Issues Draft Rules ‘Fully Revising’ Commercial Bank Law
The revisions will enhance governance, improve board and senior management accountability, strengthen capital and risk management requirements, and raise penalties for violations.
October 19, 2020 -
818Asia-PacificBangladesh Bank Orders Banks to Cap Credit Card Interest
Banks are charging customers between 25 and 27 percent in interest on credit card debt, in violation of regulations, Bangladesh Bank said.
September 27, 2020 -
419Asia-PacificBOT Sets Out New Rules for ‘Digital Personal Loans’
Under the regulations, alternative data including payment information relating to water, electricity and telephone bills can be used to support loan applications.
September 21, 2020 -
1.3KAustralia & NZASX Opens Data Science Platform to Third Party Firms
ASX DataSphere allows third-party firms to experiment with ASX and non-ASX datasets spanning fixed income, interest rates, derivatives, equities, and benchmarks.
September 8, 2020 -
375EnforcementFSC Korea Introduces Legislative Revisions on Predatory Lending
The maximum annual interest rate will be limited to 6%, compared to 24% under the current law. Maximum penalties will also be raised.
July 2, 2020 -
453Asia-Pacific
BOT Announces ‘Phase 2’ Measures to Support Debtors
Lenders are directed to sustain debtors through lower interest rates and fees, expanded credit limits, delayed property seizures, and other debt relief and restructuring measures.
June 23, 2020 -
507Asia-PacificBank Indonesia Cuts Rates, Pledges More Bond-Buying
Bank Indonesia abandoned the practice of quantitative easing in 1999 to ensure fiscal discipline in the aftermath of the Asian financial crisis.
June 22, 2020
