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BRUNEI: Collateral Registry System Aims to Ease Access to Credit for SMEs

Brunei is set to become the first country in the ASEAN bloc to allow SMEs to register their movable assets as collateral when it comes to arranging credit.[1]

Billed as the Collateral Registry System (CRS), this new initiative will be launched in December 2016 by the Autoriti Monetari Brunei Darussalam, the country’s central bank, as part of the efforts to establish a secured lending infrastructure in the country.

 


[1]  Autoriti Monetari Brunei Darussalam official website

 

Content provided by Picture: HKTDC Research
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