Fintech lenders will be compelled to be registered with OJK; unregistered firms will be unable to tap financial markets or raise funds from banks.
May 19, 2018Joint venture between banks association and Singapore-based ACB Holdings to establish credit bureau will enable banks to better assess loan risks.
May 18, 2018Banks are urged to step up credit risk management and provisioning for lending to “middle-risk” firms that hold low internal funds.
April 23, 2018Banks must use majority of cash freed up from 1% RRR cut to repay central bank loans; the rest can be used for small business loans.
April 20, 2018The ACCC will examine a potential oligopolistic structure in Australia’s banking sector and review competitive practices that have allegedly led to higher barriers to entry for newcomers.
April 16, 2018Taiwan FSC censured and demoted 54 managers at seven state banks for their involvement in a $679mn syndicated loan-fraud scandal.
April 12, 2018PNB allegedly misled the regulator about the progress of its Swift integration. Indian law enforcement noted that an ill-defined risk-based supervisory approach may have caused the RBI to miss the fraud.
April 5, 2018Jewellery chain falsified financial records to obtain 8.24 billion rupees in loans from 14 banks over 10 years; infrastructure firm defrauds 9-bank consortium of 13.94 billion rupees.
March 23, 2018New guidance ensures bank staff are held responsible for conduct and statements outside of formal contracts; removes borrower’s liability in the event of lender misconduct.
March 17, 2018NAB staff allegedly falsified documents to achieve home loan targets, branch managers colluded with loan introducers to manipulate incentive schemes.
March 15, 2018