All posts tagged "P2P lending"
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942ChinaSFC Warns FX Brokers Against Servicing Mainland Clients
Licensed corporations and their controlling entities are asked to review the legality of the services they offer, and immediately discontinue “unauthorised or illicit activities”.
June 18, 2019 -
949FeatureFSB: Decentralisation Could Benefit Financial Stability
While decentralised financial technologies do pose risks, they may increase competition and diversity in the financial system and reduce existing entities’ systemic importance.
June 8, 2019 -
756Asia-PacificKorean FIs Should Strengthen Ties with ASEAN Countries – FSS
FSS first senior deputy governor Yoo Kwang-yeol in a closed door meeting told Korean financial institutions with units in Southeast Asian countries to offer more localised financial services.
April 22, 2019 -
534Capital RegulationChina’s New P2P Rules Could Shut Out 90pc of Platforms
Only 100 P2P lending platforms are expected to qualify for new licences under the new registration system set to be introduced later this year.
April 18, 2019 -
627ChinaChina Freezes $1.5bn in Assets, Arrests 62 in P2P Purge
Since last June, a crackdown on peer-to-peer lenders by China’s Ministry of Public Security, codenamed 'Fox Hunt', has yielded $1.5bn in seized assets and 62 arrests.
February 20, 2019 -
528Fintech / RegtechS Korea Proposes New Legal Framework for P2P Sector
South Korea’s booming P2P lending market is in need of new legislation to enhance protections for investors and borrowers, says FSC chairman Choi Jongku.
February 13, 2019 -
354China
China Seeks ‘Bad Bank’ AMCs’ Help to Resolve P2P Crisis
The government is asking the 4 state-owned asset managers set up in 1999 to repair bank balance sheets for help with custody, liquidation and restructuring of P2P assets.
August 20, 2018 -
492ChinaChina’s P2P Lending Sector Suffers Panic – Report
Over 100 peer-to-peer lenders have failed so far this month, with some users turning up at operators’ offices to demand early repayment.
July 22, 2018 -
409Asia-PacificIndonesia to Release New Fintech Rules in August
Fintech firms will be required to register with the OJK and periodically submit financial reports; new rules will cover P2P lending, insurance technology and equity crowdfunding.
July 18, 2018 -
326China
China Toughens Regulations Amid Multiple P2P Lender Collapses
As numerous P2P lenders collapse in China , including 28 firm in the final week of June, authorities are ramping up efforts to strengthen regulations in the sector.
July 3, 2018
