All posts tagged "Real Estate"
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11KoreaKorea FSS to Issue New Risk Management Guidelines for Insurers
South Korean insurers recorded a combined loss of KRW 194.4 billion from overseas alternative investments due to the pandemic.
February 26, 2021 -
77ChinaCBIRC Probes Banks for Illegal Flows of Loan Funds into Real Estate
The CBIRC's Beijing and Shanghai bureaus have asked banks to review loans granted since mid-2020 to identify illegal inflows of credit funds into the real estate sector.
February 5, 2021 -
90AML / KYCPhilippines Enacts AML Amendments to Avoid FATF Grey List
Offshore gaming operators, their service providers, real estate developers and brokers have been brought into scope as covered entities.
February 4, 2021 -
144EnforcementSingapore Authorities Probe Crowdfunding Platform for Misconduct
The probe is looking into possible offences under the Penal Code and the Securities and Futures Act by group companies belonging to CoAssets Ltd.
February 2, 2021 -
165Capital RegulationUPDATED – PBOC Withdraws Liquidity to Contain Financial Risks
The PBOC is seeking to reduce excess leverage in the financial system to address concerns of potential medium and long term economic and financial risks.
February 1, 2021 -
228Capital Regulation
PBOC, CBIRC Impose New Caps on Property Lending by Banks
Loans to developers by large banks have been capped at 40% of total loans. Mortgages have been capped at 32.5% of total loans.
January 5, 2021 -
176China
UPDATED – China to Establish Central Register for Movable Assets Pledged for Loans
The change is reportedly seen as a significant step for China to bolster movable assets-backed financing, a key funding channel for SMEs.
December 22, 2020 -
1.0KAML / KYC
Philippines Approves House Bill to Strengthen AML Law
The amendments will bring precious metals dealers, casinos and real estate brokers and developers into scope under the Anti-Money Laundering Act.
November 27, 2020 -
345FeatureFSC Korea Moves to Prevent Accumulation of Household Debt
Banks will be subject to a monthly inspection to assess their unsecured lending practices; the government will reduce the maximum legal lending rate from 24% to 20%.
November 17, 2020 -
397Capital RegulationTaiwan Banks Asked to Bolster Controls on Mortgage Lending
The central bank has said it could introduce selective credit controls if necessary to ensure financial system stability amid an over-heating property market.
November 16, 2020
