The India Banks Association wants to create a lenders’ consortium to monitor their own debt and ensure borrowers are adhering to pre-agreed rules and patterns.
The bank signs a memorandum of understanding with General Electric and the Trade Bank of Iraq, a sign counterparties are ready to help companies finance Iraqi projects.
Financial organisations have voiced concerns about proposed changes to Basel III, including changing the way notional pooling is treated, and treasurers are rightly concerned.
*China outlines reserves rule for foreign bank FX trading
*GMFA objects to proposed Basel III revisions on cash pooling
*Singapore confirms steps against financial cybercrime