Market-oriented debt-to-equity swaps can help address debt problems: CBRC head – Global Times

The recently appointed chief of China’s top banking regulator reiterated on Thursday that the market-oriented debt-to-equity swap initiative can “greatly help reduce leverage.” The implementation of the swaps will be guided by markets and the law, and there will be no State orders or official targets for the volumes, said Guo Shuqing, chairman of the…

Launceston Community Legal Centre debt caseload strain – Tasmania Examiner

WELFARE: Launceston Community Legal Centre welfare officer Emma Smith says her debt case load has doubled following the Centrelink debt fiasco. Picture: Chris Clarke The debt caseload at the Launceston Community Legal Centre has skyrocketed for its welfare officer due to the Centrelink fiasco. Nationally, people are receiving letters from Centrelink informing them they have outstanding…