All posts tagged "Loans"
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644Asia-PacificIndonesia to Tighten Rules on Fintech Lenders
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, 2018 -
585Asia-PacificUPDATED – Myanmar Approves Formation of First Credit Bureau
Joint venture between banks association and Singapore-based ACB Holdings to establish credit bureau will enable banks to better assess loan risks.
May 18, 2018 -
613Capital / LiquidityBank of Japan Warns of Rising Credit Costs
Banks are urged to step up credit risk management and provisioning for lending to “middle-risk” firms that hold low internal funds.
April 23, 2018 -
549Capital / LiquidityChina Cuts Reserve Requirements for Banks
Banks 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, 2018 -
541Australia & NZAustralia to Review Lack of Competition in Banking Sector
The 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, 2018 -
830EnforcementTaiwan Regulator Censures 54 Managers at State Owned Banks
Taiwan FSC censured and demoted 54 managers at seven state banks for their involvement in a $679mn syndicated loan-fraud scandal.
April 12, 2018 -
604EnforcementPNB Investigation Reveals Systemic Failures at Bank, RBI
PNB 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, 2018 -
683EnforcementUPDATED – Indian Banks Fall Victim to $342mn in Loan Frauds
Jewellery 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, 2018 -
601Australia & NZASIC Mandates Banks’ Further Removal of Unfair Loans Terms
New 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, 2018 -
633Australia & NZAustralia’s Royal Commission Hears Bribery Allegations
NAB staff allegedly falsified documents to achieve home loan targets, branch managers colluded with loan introducers to manipulate incentive schemes.
March 15, 2018
