All posts tagged "microfinance"
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43Capital RegulationRBI Announces Support Measures for Second Covid Wave
The measures include liquidity for bank lending to businesses, continued regulatory exemptions, and an additional round of restructuring and moratoria flexibility.
May 6, 2021 -
82Capital RegulationFSC Korea to Promote Lending to Low Credit Score Borrowers
Banks will be advised to boost mid-range interest rate lending to borrowers with low to moderate credit scores, among other measures.
April 28, 2021 -
428AML / KYCPBOC Finalises New AML Regulations for Financial Institutions
The new regulations take effect from 1 August 2021 and are applicable to non-bank financial institutions, overseas bank branches and holding subsidiaries.
April 20, 2021 -
59Asia-PacificCambodian Lenders Grant Reprieve from Debt Repayment
Six measures have been announced, including lower interest rates, credit restructuring benefits and relief for Covid-19 patients.
April 15, 2021 -
197Asia-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 -
516AML / KYC
PBOC 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 -
1.3KCapital 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 -
1.5KCapital 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 -
652Capital 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
