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Weekly Global News Wrap: Goldman Sachs boosts capital measures; Charges filed against Wirecard ex-bosses
Weekly Global News Wrap: Goldman Sachs boosts capital measures; Charges filed against Wirecard ex-bosses
And the UK allows TransferWise to offer retail investment services.
Chart of the Week: Australian major banks' commercial property loan quality to deteriorate
Demand for consumer commercial real estate may weaken over the next two years.
Greater Bay Area regulators float wealth management connect scheme
It allows residents to invest in wealth products offered by banks in the area.
Japan's second-biggest bank pushes through with overseas expansion
The move contrasts the downsizing planned by other global firms HSBC and Deutsche.
Singapore central bank, local police probing Wirecard's operations
The regulator is also working with foreign agencies for cross-border transactions.
Indonesian banks to reflect COVID's fatal impact on Q2 results: Fitch
But the loosening of loan restructuring rules should help alleviate negative effects.
Taiwanese financial institutions' loans hike 0.67% at end-May
Annual growth rate rose to 5.71% due to reduced bank claims.
South Korean banks to begin implementing Basel III by end-June
Kwangju Bank and JB will be the first to make the shift.
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.
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