To date, only bank creditors have been allowed to initiate the establishment of creditor committees, while nonbank financial institutions were often excluded.
January 21, 2021SGX RegCo chief Boon Gin Tan outlined timelines for enhancements to its enforcement framework, sustainability reporting rules, and retail bonds framework, among other initiatives.
January 13, 2021Ant Group is directed to refocus on its payments business and correct regulatory violations in its credit, insurance, wealth management and asset securitisation businesses.
December 31, 2020The former chairman will have his sentence commuted to life in prison if he commits no further crime over the next two years.
November 9, 2020While financial contracts are excluded from the Framework, some SMEs and S-REITs may be adversely impacted by the legislative measures.
November 5, 2020A new State Council guideline promotes the issuance of domestic shares to purchase overseas assets, and greater inbound investment from qualified foreign investors.
October 18, 2020The ABA says 45% of deferred mortgages and 41% of small and medium business loans that had been deferred are back to making regular loan repayments.
October 15, 2020The 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, 2020Banks need not treat deferred loans as past due or impaired for capital or reporting purposes until after 31 March. New reporting requirements now apply.
September 10, 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, 2020