New online lending regulation for small businesses to further constrain microloans and preempt systematic risk, especially from informal lending by fintechs, ratings agency says.
Mox, the fifth of Hong Kong’s virtual banks, launched last month, showing a solid initial response. But what’s the future for the others and what’s in it for corporate treasurers?
Mitigating systemic risks when LIBOR expires is all about fallback clauses and the International Swaps and Derivatives Association is taking further steps to firm up the post-IBOR world.
CEO apologizes and says lender has recruited 200 staff to fight crime. The bank is now set to increase provisions by a further A$404 mln on top of a A$900 mln charge already taken.
The Monetary Authority of Singapore (MAS) is looking to formally guide banks to embed environmental risk assessment into their risk management policies
Expectations that banks will be able to recoup losses from low interest rates by hiking fees remain unrealistic given the weak overall economic conditions in China and Hong Kong
S&P Global Market Intelligence believes digital banking contenders Sea and the Grab-Singtel consortium are the most likely to gain coveted digital bank licences in Singapore
Australia’s second-largest bank lost its CEO earlier today after a cross-border transaction service was alleged to have broken anti-money laundering rules.
