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May 2005 Issue

Bulletin

FSC ANNOUNCED THE NEGA-TIVE-LISTING APPROACH FOR BANKING BUSINESS

On 23 March 2005, the Financial Supervisory Commission promulgated the Negative-Listing Rules for Financial Business Engaged by Banks. In future, a bank that meets the following four conditions will be able to engage in new areas of financial-related business without obtaining a approval from the regulator in advance: (i) its non-performing loans (including surveillance loans) ratio in each of the preceding six months has not ... More

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