All posts tagged "microfinance"
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21Asia-PacificOJK Indonesia Urges Rural Banks to Digitalise Operations
Efforts to digitalise are aimed at improving financial inclusion for ‘micro-entrepreneurs’ and other members of the unbanked or underbanked population in Indonesia.
February 25, 2021 -
309AML / KYCPBOC Revises AML Rules to Enhance Supervisory Scope
With continuous innovation in the financial sector and the emergence of new types of financial businesses, it is necessary to improve the scope of AML supervision, the PBOC says.
January 2, 2021 -
1.2KCapital RegulationAnt IPO Suspension Needed to Protect Investor Rights: CSRC
Avoiding a hasty listing against significant change in the regulatory environment is in line with the responsibilities of market regulators towards investors and markets, the CSRC said.
November 6, 2020 -
1.4KCapital Regulation
PBOC, CBIRC Issue Draft Rules for Small Loans Businesses
Microfinance businesses must have a registered capital of at least CNY 1 billion. Those operating across provincial borders must have at least CNY 5 billion.
November 3, 2020 -
1.4KAML / KYC
China Issues AML/CTF Guidelines for Microfinance Institutions
The guidelines take immediate effect and are require microfinance institutions to report any transaction worth more than CNY 50,000 within 5 working days.
October 27, 2020 -
611Capital RegulationCBIRC Raises Leverage Limits for Microfinance Companies
Microfinance companies can issue standardised debts such as bonds and ABS products up to 4 times net assets, compared to 0.5 to 3 times net capital previously.
September 21, 2020 -
656Fintech / RegtechFSC Korea Outlines Key Policy Tasks for H2 2020
The measures include continued support for businesses and individuals, with some focus being diverted back to pre-Covid policy work to support innovation and data-driven initiatives.
June 15, 2020 -
505Capital RegulationIndia Makes Additional Funding Available to NBFCs
A $4bn special liquidity scheme will be provided for NBFCs, and the partial credit guarantee scheme already in force is being expanded to also cover non-investment grade NBFC debt.
May 14, 2020 -
1.4KIndiaIndia: Banks Agree to Extend Loan Moratorium to NBFCs
RBI governor Shaktikanta Das has made clear that NBFCs are eligible for the loan moratorium being extended to other borrowers.
May 8, 2020 -
334Korea
Principal Payment Deferment Available to Vulnerable Debtors: FSC Korea
The programme is available through all FIs from 29 April until year-end, allowing vulnerable debtors to defer principal payment for 6-12 months.
April 27, 2020
