Taiwan cbank asks lenders to monitor mortgage risks

Taiwan’s central bank reiterated calls to lenders to monitor mortgage risks, according to an emailed statement today. “Lenders shouldn’t only look at the borrower’s collateral, and should place more focus on the lender’s ability to repay the loans,” the statement said. The central bank also denied a newspaper report it had set a floor on mortgage rates. The Taipei-based China Times reported earlier today banks may soon stop mortgage loans offering rates below 1.5 per cent as ordered by the central bank.