News
South Korean regulator amends credit act to combat illegal lending
The maximum penalty for unlawful loan service providers has been doubled.
South Korean regulator amends credit act to combat illegal lending
The maximum penalty for unlawful loan service providers has been doubled.
Thailand permits non-bank firms to provide foreign e-money
An operator must have a minimum registered paid-up capital of $3m (THB100m).
Singapore sets out expectations for FIs' environmental risk management
FIs are expected to include environmental considerations in their business plans.
Philippine central bank slashes policy rate again by 50bp
It has already reduced the rate by a total of 125bp.
Chinese bank-owned finance leasing firms fall back on parent support: S&P
But prolonged travel restrictions could lessen parent groups’ commitment.
Sri Lanka's central bank rubber-stamps $139.3b in SME loans
It has approved 13,761 loan applications.
QR codes, ISO 20022 fuel SEA's cross-border payments growth
It has pushed stakeholders to build a pan-regional real-time payments ecosystem.
China's order may endanger banks' long-term profit outlook
The State Council’s unclear directive could have bigger implications.
China's shadow banking assets grew for the first time in 2.5 years
It makes up 60.3% of nominal GDP as of Q1.
Thai banks see support in regulator's dividend restrictions: Fitch
This will help them maintain necessary resources to support lending activity.
Philippine banking system faces $13.8b in impairment losses
A severe stress scenario in the weak real estate sector will drive up NPL ratios.
Siam Commercial Bank launches trade package for SMEs
The bank has allotted nearly $129.7m in loans for SMES in the export sector.
High delinquencies on the horizon for South Korea's financial market: report
Although the market is now stable, more problems are expected, local regulator says.
Bank transfers, digital wallets spur Hong Kong's e-commerce market
The two methods are rising at CAGR of 12% and 11%, respectively.
South Korea parked $413b of investments in the US last year
The US was also the largest financial investor in South Korea.
Consumer spending to drive card payments in South Korea
The sector is posed to grow at a CAGR of 4.3% from 2019 to 2024.
Weekly Global News Wrap: US banks awash with $2t deposits; Wirecard ex-CEO arrested
And Canada’s banking regulator holds big banks’ capital buffers at 1%.
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