Days left to respond to RBI's MNC FX derivatives plans; China to take hold of shadow banking OTC market: IFRS mulls financial statement changes... and more.
*Korea to allow securities firms to raise more funds for corporate financing
*ASX opens RMB-denominated securities clearing
*HKMA promotes bank liquidity with new ratio
*Safe lifts time restrictions on converting renminbi
*Malaysia and Australia combine for fintech
*Malaysia introduces new method for USD/MYR spot fixing
*FASB announces accounting rule update
*Safe regulates capital outflow for inter-bank bond investment
*Thailand plans reporting exemptions for foreign issuers
*CFTC adopts X-border approach for uncleared swaps
*Indonesia moves to full IFRS convergence
To turn corporate bad loans into performing assets, the Reserve Bank of India has nudged its debt restructuring rules to grant lenders an easier way out of defaulting companies.
From the next fiscal year, starting on April 1, 2016, large Indian companies will have to change their financial accounting and reporting to a new system. CT outlines where the biggest pain points will come from.