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Capital / Liquidity
RBI Directs NBFCs to Limit Cash Disbursals for Gold Loans
By Ajoy K Das | 10/05/2024
The Income Tax Act prohibits any individual from receiving more than INR 20,000 as a loan amount in cash.

Capital / Liquidity
Law Firms Rally Asian AT1 Claimants Against Switzerland
By Mark Johnston | 10/05/2024
Several law firms including Withers are spearheading efforts to recover funds lost in Credit Suisse AT1 bonds by Asian investors.

Securities / Derivatives
RBI Adjusts Bank Capital Market Exposure Norms
By Ajoy K Das | 07/05/2024
The RBI said the move to T+1 settlement prompted a review of the existing guidelines on the issuance of IPCs by banks.

Capital / Liquidity
RBI Allows Standalone Primary Dealers to Borrow Forex
By Ajoy K Das | 06/05/2024
Standalone primary dealers can now borrow FX from their parent companies and other authorised entities.

Capital / Liquidity
NZ Treasury Consults on Funding for Depositor Compensation
By Editors | 06/05/2024
The consultation paper seeks feedback on the funding strategy for the Depositor Compensation Scheme.

Capital / Liquidity
RBI Proposes Higher Provisions for Projects Under Construction
By Ajoy K Das | 05/05/2024
The RBI proposes to require higher provisions for financing of projects in the construction phase, even if not overdue or stressed.

AML / KYC
HKMA Outlines Key Priorities, Green Ambitions for 2024 and Beyond
By Sanday Chongo Kabange | 02/05/2024
The HKMA has outlined its priorities for 2024 and beyond in its latest annual report and its 2023 sustainability report.

Capital / Liquidity
Redomiciling VCC Funds to Singapore Can Be ‘Daunting’
By Nithya Subramanian | 02/05/2024
Besides navigating a complex maze of regulatory, tax and operational hurdles, the spectre of asset illiquidity during transition looms large.

Capital / Liquidity
PBOC Directs Banks to Cut Exposures to Long Duration Bonds
By Editors | 01/05/2024
The PBOC sees a mismatch between market prices and the economic outlook, and is trying to prevent further downward pressure on the yuan.

Capital / Liquidity
BCBS Proposes Counterparty Credit Risk Management Guidelines
By Editors | 01/05/2024
The guidelines seek to address weaknesses in CCR management, as demonstrated in the Archegos failure and other recent episodes of NBFI distress.
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