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There has been an “alarming” rise in breaches of Part 9 of the Banking Code of Practice, which covers obligations to support customers facing financial difficulty.
For first time ASIC has opened consultation on an industry code before approving it, and there is plenty for interested parties to get their teeth into.
With small businesses and agribusinesses often seeking assistance from banks too late in financial distress, there’s a growing call for more awareness of the broker industry.
The refinancing rate in Belarus is projected at 9-9.5% per annum in 2024. Such projections were set out in Belarus' Monetary Policy Guidelines for 2024 that were approved by Resolution No. 363 of the Board of the National Bank as of 19 October 2023 to implement the provisions of the updated Banking Code.