All posts tagged "Loans"
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54ChinaChina Allows Nonbank Creditors to Initiate Creditor Committees
To date, only bank creditors have been allowed to initiate the establishment of creditor committees, while nonbank financial institutions were often excluded.
January 21, 2021 -
198ChinaChinese Regulators to Force Ant, Tencent to Share Borrower Data
Ant Group affiliate Alibaba and Tencent have so far been resistant to sharing their loan data with credit databases such as Baihang.
January 15, 2021 -
147EuropeLIBOR Transition Must be Complete by Year-End, UK Regulators Warn
From end-March 2021, GBP LIBOR should no longer be used in any new loans, bonds, securitisations and linear derivatives that mature after end-2021.
January 14, 2021 -
117EnforcementFSS Korea to Probe Samsung Securities for Regulatory Violations
The FSS will look into whether loans granted to executives violated the capital market law and whether the firm influenced a merger involving one of its subsidiaries.
January 11, 2021 -
133Asia-PacificBOT to Issue THOR Linked Floating Rate Notes in March
The move is aimed at promoting the use of THOR as a new reference rate in derivatives and cash products, the central bank said.
January 5, 2021 -
123Capital RegulationPBOC, CBIRC Impose New Caps on Property Lending by Banks
Loans to developers by large banks have been capped at 40% of total loans. Mortgages have been capped at 32.5% of total loans.
January 5, 2021 -
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 -
103Asia-PacificPhilippines: BSP to Standardise MSME Loan Applications
A standard business loan application form will simplify and improve the application process, while also facilitating banks’ risk assessments and speeding up turnaround time.
December 24, 2020 -
232Capital Regulation
CBIRC Grants Launch Approval to New National Bad Debt Manager
China Galaxy Asset Management will receive its licence within ten days, and proceed with the necessary procedures to open for business in early 2021.
December 21, 2020 -
365FeatureHKMA Outlines Regtech Use Cases for Pandemic Environment
In its fifth issue of 'Regtech Watch', the HKMA outlines four potential regtech use cases relevant to the pandemic environment.
December 18, 2020
