Sri Lanka is trying to restructure its loans from Chinese banks, offering golden visas to foreigners, and relaxing rules on securities margin financing.
April 29, 2022The government is suspending repayment of foreign debt pending the completion of a loan restructuring programme with the IMF.
April 14, 2022Banks are still required to ensure adequate risk management procedures are in place and that only debtors who are eligible are given the option to restructure their debt.
September 8, 2021APRA is extending the time period for temporary adjustments to APS 220 so that loans granted repayment deferrals from 8 July until 30 September are covered.
August 27, 2021APRA intends to formalise regulatory support measures for banks offering Covid-19 loans through a temporary amendment to APS 220.
August 2, 2021MAS says this is likely the final extension and that loan repayments must start normalising to minimise debt accumulation.
June 25, 2021The third phase of debt relief measures covers unsecured credit card and personal loans, auto hire-purchase loans, car title loans and mortgages.
May 19, 2021Banks have also been told not to use debt collectors during the Covid-19 pandemic, and to instead help customers by restructuring existing debt and granting new subsidised loans.
March 23, 2020The services being offered by ABA member banks to help customers include fee waivers, loan repayment deferrals, and additional financing to help cover cash flow shortages.
January 6, 2020