All posts tagged "Lending"
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95ChinaChina Revises Upper Limit on Overseas Lending, Borrowing
The PBOC and SAFE have adjusted the upper limits on overseas lending and borrowing by domestic enterprises, as the RMB trades at its highest levels since mid 2018.
January 8, 2021 -
78Asia-PacificBSP Grants Foreign Banks Relief from Single Borrower’s Limit
The measure is expected to help boost lending, bolster economic growth and diversify credit exposures, said BSP governor Benjamin Diokno.
January 2, 2021 -
261ChinaChinese Regulators Order Ant Group to Reorganise Business
Ant Group is directed to refocus on its payments business and correct regulatory violations in its credit, insurance, wealth management and asset securitisation businesses.
December 31, 2020 -
73KoreaKorea to Lower Max Interest Rate on Loans in H1 2021
A new enforcement decree will take effect in February 2021, lowering the maximum interest rate on loans from 24% to 20%.
December 30, 2020 -
135ChinaPBOC Approves Establishment of Second Personal Credit Agency
The agency will be jointly owned by the Beijing government, JD.com, Xiaomi and facial recognition start-up Megvii Technology.
December 15, 2020 -
121Australia & NZACCC Proposes Measures to Improve Mortgage Pricing Fairness
The ACCC recommends that lenders be required to regularly prompt borrowers to review their loan costs and consider switching products or lenders.
December 10, 2020 -
949FeatureSingapore Banks Get New Best Practice Code for Commodity Financing
The Code was developed by an industry working group of 28 commodity financing banks in consultation with trading firms and with the support of regulators.
December 1, 2020 -
406Capital RegulationKorean Banks Move to Lower Lending Limits for Overdraft Accounts
Major Korean banks have started lowering limits on overdraft account products, amid a move by financial regulators to curb the accumulation of household debt.
November 25, 2020 -
704FeatureLIBOR Transition Work Needs to Accelerate in Early 2021: FSB
In a progress report on global transition efforts, the FSB highlights slower progress in loan markets, which it says must be addressed urgently.
November 21, 2020 -
1.2KAustralia & NZASIC Seeks Greater Powers to Collect Data from Managed Funds
ASIC's Karen Chester says insolvencies and macro forces could present greater liquidity challenges to fund managers and affect investors' ability to withdraw from funds.
November 21, 2020
