India’s central bank introduces a new scheme to deal with non-performing assets, allowing lenders to divide borrowers’ debt into sustainable debt and equity instruments.
The US government recently issued regulations to counter tax inversions and earnings stripping, but also appeared to claim powers to delve into your balance sheet and characterise debt as it pleases.
The discrepancy between China’s trade surplus and bank FX receipts in 2015 raises questions, says CICC. It predicts more intense scrutiny, with a focus on trade-based capital outflows.