Regulatory problems have choked China's P2P lending industry

Business Sep 6, 2019

Regulatory problems have choked China's P2P lending industry

Overburdened Chinese regulators have left the peer-to-peer lending industry to poorly staffed local governments, according to ex-regulators, threatening the survival of an important credit mechanism once seen as crucial for the country's economy. The resulting difficulties, as the industry tries to grapple with pyramid-scheme scandals ...

Japan regulator scrutinizes regional banks' fund buying as risks soar

Business Sep 15, 2017

Japan regulator scrutinizes regional banks' fund buying as risks soar

The nation's regional banks, desperate to boost returns with interest rates around zero, are coming under scrutiny from regulators as they increase purchases of risky investment trusts. The Financial Services Agency (FSA) has been talking to bankers to gauge whether the firms have the knowledge ...