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Country Risk Climate: Asian Payments Situation Worsens

Companies in Asia are facing more overdue payments as the macroeconomic problems facing the region filter through the supply chain. In China, 80.6% of companies experienced overdue payments in 2015, with the the value of outstanding debt rising by 58.1% from 2014. In its annual corporate payments survey of Asia Pacific, credit insurance firm Coface quizzed 2,793 companies in eight ... Read More »

Technology Disruption: Opportunity and Threat Say Asian Businesses

Disruption could be an opportunity for businesses, say 78% of Asian businesses, according to a new survey by Thomson Reuters.  At the same time, at 51%, Asia recorded the highest proportion of respondents who said that technology disrupters could be a direct threat to their business model; with 42% of European and 47 % American businesses saying likewise. Thomson Reuters asked ... Read More »

Australian Risk Climate: Late Payments in Australia have Risen to their Highest Level since Q3 2014

Dun & Bradstreet Australia has published its quarterly report of Late Payments in Australia and key highlights below. This report provides a summary of how late entities pay for goods and services in Australia after payment is due. Late Payments provides a quarterly report with a breakdown according to sector, size, age and location of entities. Key highlights: Late payments ... Read More »

Russia Enhances its Public Sector Information (PSI) with Newly Launched Public Registers

In conjunction with its new regulatory framework:  Information Society (2011 – 2020), a number of new registers were recently launched in Russia: Securities Register: The Central Bank of the Russian Federation (Bank of Russia) approved the provision “On requirements to implementation of activities for maintaining the Register of securities owners (No. 572-P as of 27.12.2016). The document sets the requirements ... Read More »

Key Takeaways from the Belt and Road Forum

Recently the Belt and Road Forum hosted 28 world leaders and countless high-ranking officials in Beijing. Here are the key takeaways from the OBOR event. There will be even more money Through boosting the existing Silk Road Fund and re-arming the favoured policy banks, Xi Jinping has pledged an extra US$124bn in funding for the One Belt One Road (OBOR) ... Read More »

The Russian Bankruptcy Process Appears to Lose Effectiveness

Credit Risk Prevention: Verification is Better than Court Proceedings The current bankruptcy law has turned out to be untenable. The ability to recover assets through court action is constantly decreasing, the measures for financial rehabilitation do not work. The only effective way to protect assets is to check and monitor business partners.   Less bankruptcies, more outstanding claims:   According ... Read More »

Country Risk Climate: US Consumers Place Personal Loans Atop the Credit Mountain

New TransUnion study finds struggling consumers who possess multiple credit products tend to pay their unsecured personal loans first When faced with the choice of which debts to pay and which to miss, consumers in financial distress tend to prioritize unsecured personal loans ahead of other credit products such as auto loans, mortgages and credit cards. These findings were released today during ... Read More »

Country Risk Climate: Experian – Moody’s Report Indicates Credit Conditions for Small Business are Looking Up

Credit utilization rates expanded briskly in the first quarter of 2017. Taken with upside risk, which at the moment outweighs downside risk, credit conditions for small businesses are looking up. Rates of severe delinquency are declining broadly, and credit constraints should ease as a result. However, balance growth is threatened by the lack of clarity regarding fiscal policies. Small-business credit ... Read More »

Country Risk Climate: US Millennials Pose Greater Insurance Risk than Previous Generations at Same Age, but May Be Worth It in the Long Run

New TransUnion insurance study explores nuances of millennial policyholders Millennials in their early 20s tend to be even riskier drivers than previous generations such as Gen X at the same point in their lives. The new TransUnion (NYSE:TRU) insurance study also found that as millennials reach their early 30s they perform as well, if not better than Gen X drivers of ... Read More »

Country Risk Climate: Problems in U.K. Retail to Impact Real Estate-Related Credit Risk

Following the break of the United Kingdom with the European Union, retailers in Britain have been affected by changes in consumer confidence and the increase of sourcing costs due to the depreciation of the pound. The U.K. nonfood retail industry faces profitability challenges, which will impact the use of real estate in the industry, with a subsequent effect on the ... Read More »

Unprecedented Cyber Attack Hit UK Healthcare Services

Security Experts Dash to Contain Ransomware Attack.  Sensitive data exposed by deep flaws at the heart of the interconnected global digital economy.  Over 150 countries affected. Authorities around the world are scrambling to tackle one of the most virulent cyber attacks to date, as fears mount over the safety of huge amounts of sensitive data, ranging from medical records to ... Read More »

Meet our Member the Credit Bureau of Brunei

The Autoriti Monetari Brunei Darussalam (AMBD) has, pursuant to Section 42A of the AMBD Order, 2010, established the Credit Bureau (“Biro Kredit”) ​with the objective to promote a sound credit culture within the country’s financial system. The Credit Bureau is a unit under the Regulatory & Supervision Department of AMBD.  In September 2012, the Credit Bureau commenced its services to ... Read More »

Australia Risk Climate: Overall Credit Applications Rose by 1.6%

Growth in business credit demand moderate, supported by strength in commercial mortgages Overall business credit applications rose +1.6% (vs March quarter 2016) Growth in business loan and asset finance applications rose, while trade credit applications fell (vs March quarter 2016) Growth in commercial mortgage applications increased +25.7% (vs March quarter 2016) The Quarterly Business Credit Demand Index by Equifax, which ... Read More »

B20 Policy Recommendations: Shaping an Interconnected World

On May 3rd, 2017, the B20 has officially handed over its Policy Recommendations to German Chancellor Angela Merkel at the B20 Summit in Berlin. The recommendations are the product of a yearlong process of our seven Taskforces and Cross-thematic Groups, which comprise over 700 members from all G20 economies with BIIA being part of it. Developed under the theme “Building ... Read More »