All posts tagged "Real Estate"
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746AML / KYCPhilippines Passes House Bill to Strengthen AML Law
The amendments bring precious metals dealers, casinos and real estate brokers and developers into scope under the Anti-Money Laundering Act.
November 27, 2020 -
259FeatureFSC 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 -
284Capital 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 -
444EnforcementKorea FSS Estimates Optimus Fund Losses Could Reach $300m
The FSS has estimated that 160bn won of investor funds has vanished and only up to 15% of the remaining 350bn won could be recoverable.
November 12, 2020 -
634AML / KYCPBOC Issues Draft AML Rules for Beijing Real Estate Sector
The guidelines impose obligations on developers and intermediaries to strengthen AML supervision and management in real estate transactions.
October 27, 2020 -
609AML / KYCAPG Releases First Follow-up Report on Pakistan
The APG says Pakistan has been re-rated from 'partially compliant' to 'compliant' on Recommendation 29 and has made progress on Recommendation 1.
October 18, 2020 -
1.4KInternationalScience-based Targets Launched for Finance
Mark Carney hints at a COP 26 role for the Science Based Targets initiative as a TCFD pathway for the finance sector.
October 6, 2020 -
529Capital RegulationCBIRC Raises Leverage Limits for Microfinance Companies
Microfinance companies can issue standardised debts such as bonds and ABS products up to 4 times net assets, compared to 0.5 to 3 times net capital previously.
September 21, 2020 -
1.2KAsia-PacificCambodia to Unify Non-Banking Financial Services Regulators
Regulators of insurance, private pensions, securities, social security, administration, accounting and auditing, real estate, mortgages and guarantees will be combined into a single authority.
September 18, 2020 -
686Asia-PacificCross-border Real Estate Investors Raise APAC Financial Stability Risk
Global investors amplify volatility in commercial real estate markets, a phenomenon that has been pronounced during the Covid-19 shock, the BIS says.
September 16, 2020
