Banks are still required to ensure adequate risk management procedures are in place and that only debtors who are eligible are given the option to restructure their debt.
September 8, 2021APRA will proceed with implementation of the interim ARS 220.0 commencing 1 January 2022, despite feedback indicating its approach presented a burden for ADIs.
September 1, 2021An interim and simplified reporting standard will apply while ADIs develop their capabilities for delivering the full suite of credit risk data collected by ARS 220.0.
June 9, 2021The BSP has extended the higher single borrower limit and relief on loan classification, pending full operationalisation of the FIST Act.
May 6, 2021The extension gives the government two weeks to decide on whether to extend a loan moratorium for borrowers and whether an interest waiver is warranted.
September 11, 2020The framework sets out sector-specific floor and ceiling thresholds for five financial ratios that lenders mandatorily have to consider when restructuring loans.
September 9, 2020The new programme is designed to help businesses to restructure debt owed to multiple creditors. A similar programme for household borrowers already exists.
August 25, 2020As long as regulatory relief measures remain in the prudential framework, credit risks will continue to mount on bank balance sheets, presenting risks to financial stability.
August 12, 2020Lenders are directed to sustain debtors through lower interest rates and fees, expanded credit limits, delayed property seizures, and other debt relief and restructuring measures.
June 23, 2020The relaxation of loan classification norms and the lowering of credit risk weights on MSME loans will apply until end-December 2021.
April 30, 2020