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, 2018Over 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, 2018Fintech 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, 2018As 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, 2018New rules aim to control growth of the $24.7bn industry by requiring greater disclosures for secured lending, notarised mortgages valuations, among other measures.
June 20, 2018Fintech lenders will be compelled to be registered with OJK; unregistered firms will be unable to tap financial markets or raise funds from banks.
May 19, 2018RBI Deputy Governor SS Mundra is calling for tighter regulatory frameworks around peer-to-peer (P2P) lending, internet-only banks, crowd funding platforms and cryptocurrency.
August 28, 2015Peer-to-peer lenders say that lack of supervision is their biggest threat to the P2P lending industry.
July 10, 2015