The guidance focuses on corporate governance; internal control framework; risk management process; data aggregation and reporting; and scenario analysis.
December 27, 2022The banking industry will be the first sector in New Zealand to implement a Consumer Data Right mechanism, like in Australia.
November 17, 2022The new measures are being hailed as a "turning point" for the property sector, which accounts for a quarter of China's economy.
November 15, 2022Lenders will have to assume higher interest rates when assessing borrowers’ repayment ability. The LTV limit for HDB housing loans has been lowered.
October 3, 2022Banks are asked to provide financial support to businesses in the culture and tourism sectors that have been severely impacted by the pandemic.
July 27, 2022The PBOC's Yu Wenjian said increasing lending is a key area where FIs can help Covid-hit firms to restart work and production.
May 13, 2022A property buyer and two estate agents understated the purchase price so the mortgage would be subject to a lower LTV cap.
April 28, 2022Loans provided to support affordable rental housing projects will not be included in the real estate loan concentration limits.
March 8, 2022The property agent Chiu Ka-wai applied for a mortgage loan with HSBC and falsely represented that the property was for self-occupancy.
November 1, 2021Banks are instructed to quickly register and then dispose of non-banking assets put up as collateral in the event of a borrower default.
September 25, 2021