Financial regulators have reportedly instructed banks to issue more loans to property firms for project development, and accelerate loan approvals.
November 25, 2021The two ex-bankers have relaxed risk controls and used customised rules to facilitate loan approvals for certain borrowers in exchange for bribes.
November 8, 2021HSBC will leverage commercial data from HKTVmall to analyse and forecast business performance during credit assessment, making loan approval faster and simpler.
February 11, 2021Financial institutions are asked to use the case as a reference for improving their own consumer rights protection mechanisms.
February 4, 2021The BOT, Thai Bankers’ Association and 15 banks have taken steps to establish common policies to ensure socially-conscious loan approvals based on ESG factors.
August 16, 2019In September, Westpac admitted to breaching responsible lending laws and agreed to a A$35mn settlement with ASIC. The settlement was rejected and the case has been dismissed.
August 14, 2019The FSC will overhaul the corporate loan approval system used at banks to broaden the scope of assets start-ups can pledge to secure financing.
March 25, 2019