India
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592UPDATED – PwC Gets 2-Year Ban from Auditing Listed Firms in India
Garima Chitkara, Regulation Asia January 15, 2018Ban relates to accounting fraud at software exporter Satyam Computer Services, where PwC was auditor.
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485India’s Biometric Identity Database Vulnerable to Cyber Attacks: RBI Research
Garima Chitkara, Regulation Asia January 11, 2018Aadhaar throwing up issues around data security even as financial benefits of the nation-wide biometric identification system are unclear.
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502India Confirms Stock, Commodity Trading to be Allowed on Single Exchanges
Garima Chitkara, Regulation Asia January 4, 2018Individual exchanges will be able to host equity, equity derivative, commodity derivative, currency derivative, interest rate future and debt instruments.
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457
India Overhauls Credit Rating Agency, Fund Sponsor Regulations
Editors, Regulation Asia January 2, 2018Securities regulator increases net worth requirement for agencies, requires separate legal entities for ‘non-core business’.
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441India Public Sector Banks Vulnerable: IMF
Editors, Regulation Asia December 26, 2017Greater RBI oversight and restructuring needed in addition to recapitalisation; High NPAs and problematic corporate balance sheets also pose challenges.
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325
India Financial System Stable Despite Worsening Asset Quality – RBI
Garima Chitkara, Regulation Asia December 26, 2017Gross NPAs and asset quality likely to worsen until September 2018 even as capital flows into equity and debt markets remain elevated.
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331
SEBI Seeks to Establish Clearinghouse Interoperability
Editors, Regulation Asia December 24, 2017Connectivity between clearing corporations may help reduce clearing and compliance costs, boost capital allocation efficiency and enhance obligation nettings benefits.
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India’s Highest Court Considering Petition Calling for Bitcoin Regulation
Garima Chitkara, Regulation Asia November 16, 2017Petitioner says central bank, securities regulator refusing to take responsibility for bitcoin regulation by not defining as currency or commodity
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India to Require Biggest Corporate Borrowers to Use LEIs
Editors, Regulation Asia November 6, 2017Corporate borrowers which do not satisfy LEI requirement will not be allowed any more credit amid continued efforts to clean up bad debt.
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RBI Confirms ID-Bank Account Link Compulsory, to Create Public Credit Registry
Editors, Regulation Asia October 25, 2017Central bank says Aadhar cards must be linked to bank account; proposed credit registry to be open to ‘all stakeholders’.
