All posts tagged "Interest Rates"
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63Australia & NZRBA Report Contradicts Official Stance on Responsible Lending Laws
An RBA internal report indicates that the absence of responsible lending laws could put borrowers at greater risk, particularly in a low interest rate environment.
January 22, 2021 -
65ChinaPBOC Removes Limits on Credit Card Rates – Report
The new policy is expected to benefit smaller card issuers and encourage competition from internet platforms and tech giants.
January 17, 2021 -
190China
PBOC Outlines Work Programme, Policy Priorities for 2021
The priorities include measures to promote green finance, expand the opening up of the financial system, deepen bond market reforms, and tackle financial system risk.
January 13, 2021 -
548EnforcementKorea FSS Finds Banks Failing to Inform Borrowers of Rights
Since June 2019, banks have been required to inform customers of their right to request lower interest rates when their credit profiles improve or their assets increase.
September 23, 2020 -
582Capital RegulationCBIRC Raises Leverage Limits for Microfinance Companies
Microfinance companies can issue standardised debts such as bonds and ABS products up to 4 times net assets, compared to 0.5 to 3 times net capital previously.
September 21, 2020 -
684KoreaKorea to Extend Short Selling Ban Six More Months
During the six-month extension, the FSC plans to strengthen penalties for illegal short-selling and improve retail investor access to stock short sales.
August 28, 2020 -
699Capital RegulationChina: Top Court Cuts Private Lending Rates Nationwide
Private lenders can charge a maximum four times the one-year loan prime rate. Based on the current rate, the maximum lending rate is 15.4%, compared to 24% previously.
August 24, 2020 -
731Capital RegulationBOJ Has Effectively Paid Banks to Lend to Businesses – Report
In April, the BOJ started offering banks a 0.1% interest rate if they used a new lending facility to lend to SMEs. Banks have shown record lending in recent months.
August 18, 2020 -
848Asia-PacificBSP Cuts Reserve Requirements for Smaller Banks
The move to lower the reserve requirement ratio for thrift, rural and cooperative banks will release an estimated $200mn into the economy.
July 22, 2020 -
692Capital Regulation
Chinese Officials Ask Banks to ‘Bear the Costs’ of Rising Bad Debt
Chinese banks are asked to sacrifice 1.5tr yuan in 2020 profits to support businesses through lower lending rates and fees, loan repayment deferrals, and bad debt write-offs.
June 22, 2020
