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, 2020China 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, 2020In its fifth issue of 'Regtech Watch', the HKMA outlines four potential regtech use cases relevant to the pandemic environment.
December 18, 2020Even in a 'Severe Downside' scenario, the CET1 capital ratio of the banking system would remain well above the 4.5 percent minimum capital requirement.
December 15, 2020The agency will be jointly owned by the Beijing government, JD.com, Xiaomi and facial recognition start-up Megvii Technology.
December 15, 2020The interest rate cap is intended for housing loans for salaried employees, but CBSL has not indicated if it will apply to refinance loans.
December 11, 2020Panellists at a recent Regulation Asia webinar highlighted the importance of sound collateral management and data practices to manage loan loss uncertainty in the year ahead.
December 8, 2020The budget initiatives included a targeted facility for SME working capital, credit for micro enterprises, and support for high-tech SMEs.
December 3, 2020The regular reports will guide the degree of the central bank's supervisory engagement with individual institutions, BSP deputy governor Chuchi Fonacier told Regulation Asia.
November 23, 2020New discussion drafts cover the use of SOFR for USD loan facilities in APAC, one using the compounded average approach and the other based on Daily Simple SOFR.
November 20, 2020