India’s central bank has given lenders that struggle to claw back debt owed to them new powers to deal with defaulting companies, causing headaches for corporate executives.
Indian banks given power to own defaulting companies; Bank Indonesia uses fines and foreign exchange regualtions to tackle declines in rupiah; Hong Kong banks are targeted for Anti-Money-Laundering violations
China's Securities Regulatory Commission plots expanded scope for money market funds; the OECD is targeting Permanent Establishment rules for transfer pricing; The Reserve Bank of India is rewarding prompt fraud ...
India’s central bank wants to stop long-term export advances being issued for struggling Indian firms to repay rupee loans. However, the guidelines appear riddled with holes.
The People's Bank of China cut the renminbi benchmark lending and deposit rates, while further liberalising market limits; The State Bank of Vietnam’s raised the USD/VND exchange rate; India's new electronic Know ...
With the US IRS making FATCA registration and GIIN data public, compliance consultants are building business intelligence databases that CFOs and treasurers might be interested in.
Perusahaan Listrik Negara, signed a BI mandated foreign exchange line facility with Bank Mandiri, Bank Negara Indonesia and Bank Rakyat Indonesia; The State Council of China will tighten capital adequacy requirements ...
The People's Bank Of China implements the country's first national deposit insurance scheme; Canada will develop RMB clearing, asset classes, and risk management tools; The Shanghai International Energy Exchange ...