03/17/2020
The HKMA has been taking actions, including the establishment of the Banking Sector SME Lending Coordination Mechanism, to encourage the banking sector to continue supporting the financing need of SMEs in Hong Kong.
03/17/2020
The new Code also introduces a general best interests duty for all CIS managers in Singapore: “The manager should, at all times, act in accordance with the constituent document of a scheme and in the best interest of participants.
03/17/2020
We are actively reviewing how we can best support you at this time,» the group said in an internal memo.
03/17/2020
It also alleges CBA breached sections 131(1) and 133(1) in failing to assess that the credit limit increase was unsuitable and in subsequently providing the credit limit increase.
03/16/2020
The central bank has been encouraging banks to lend more to small firms and other vulnerable sectors, and to tolerate late payments
03/16/2020
The team advised InfraRed NF on the debt and security structure from a BVI and Cayman Islands law perspective and assisted them throughout the transaction as offshore counsel.
03/13/2020
Fiscal and monetary measures by authorities aimed at counteracting stuttering or contracting economies will end up coming back to haunt the banks
03/13/2020
Through this partnership, Wirecard will process card transactions for GrabPay via its digital financial commerce platform and will extend GrabPay to more merchants to expand the acceptance of the mobile payment method.
03/13/2020
‘Many victims lost their retirement savings and are not in a position to recover financially’
03/13/2020
The nominal effective exchange rate of the Singapore Dollar has eased in an orderly manner within the MAS policy band, in line with weakening economic conditions.
03/12/2020
WBL still operates as normal despite liquidity problem, it added, and the company has opted to agree on the withdrawal suspension for fear of rising uncertainty before redemption.
03/12/2020
Borrowers cannot be more than 85 years old by the end of the repayment period, and must not have any other outstanding loan with the SSS.
03/12/2020
The new entity, which now has a total of 23 lawyers
03/12/2020
The government plans to finalise its proposal and potentially table a bill during the legislative session beginning in October, official says
03/12/2020
From 1 April, new foreign providers may apply to obtain a ‘foreign AFS’ licence to provide financial services in Australia to wholesale clients
03/11/2020
The Bank of Korea said it is also putting currency notes through a high-heat «laundering» process before releasing them for circulation.
03/11/2020
Oei and his companies, Hong Kong Expo Holdings Ltd. and Canadian Metropolitan Properties Corp., filed a notice of civil claim in BC Supreme Court on March 3
03/11/2020
Particular care should therefore be taken in such an economic environment.
03/11/2020
Moving on from Covid-19, Data standards are discussed, as the SFC is seeking to standardise the data that Licensed Corporations need to hold and produce
03/11/2020
The central bank has superseded the bank’s Board, placed a 30-day moratorium on it, and imposed a INR 50,000 limit on cash withdrawals – while it finalises a rescue plan.