A compromise on the content of the mortgage singapore telegram data standard. Do you admit that some changes will be made to the document this year?
Initially, it was assumed that the standard
Evolve. It is a more flexible and faster tool than regulation. The standard is aimed at protecting the rights of mortgage borrowers and preventing unfair practices, to a large extent those that lead to an overstatement of the cost of housing and the borrower’s debt. We support the development of the standard in this direction and do not rule out that changes will be made to it based on the results of the analysis of current business practices and new mortgage products. But we would oppose changes that reduce its “protective” power. So far, we have not discussed any amendments in detail within the working group of the Standards Committee. And let me remind you that we are not the main party in this process — in addition to us, the committee includes banks, the Ministry of Finance and other participants.
promised to publish a list of banks that violate
The mortgage standard. When is the publication planned?
I think that the first publication is possible no earlier than by the middle of the year, simply because the supervisory standard will come into protect your data with an ssl certificate effect on April 1, and it determines how work with violating banks is structured. First, they warn you, if you correct it — well done, everything is fine. If you don’t correct it — several more warning steps are america email taken. If you are a complete “refuser,” then we publish the name and the composition of the violation.