All posts tagged "Interest Rates"
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510EnforcementKorea 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 -
398Capital 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 -
592KoreaKorea 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 -
632Capital 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 -
646Capital 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 -
813Asia-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 -
634Capital RegulationChinese 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 -
357Feature
BOJ Expands Coronavirus Lending Programme to Over $1tr
BOJ governor Haruhiko Kuroda indicated that the total size of the programme could rise further, particularly if a second wave of Covid-19 infections emerges.
June 17, 2020 -
648Australia & NZAustralia: Banks Fail to Pass Rate Cuts to Credit Card Customers
The credit cards with the largest rate increases are those backed by Citigroup, Members Equity Bank, Police Credit Union, and ANZ, according to consumer advocacy group CHOICE.
June 11, 2020 -
527Capital Regulation
PBOC Governor Pledges Additional Measures to Support SMEs, Banks
The PBOC plans to further extend SME loan repayment deferrals to 31 March 2021, further drive down real interest rates, and bolster support for banks.
May 27, 2020
