India's new National Asset Reconstruction Company will acquire stressed assets through the issuance of tradeable security receipts guaranteed by the government.
Evergrande is being called China's Lehman, as a default by the company could spill into numerous industries. Interest payments on two notes come due this week.
Financial disclosures filed by senior Fed officials showed multiple stock trades in 2020 worth millions of dollars, raising concerns over conflicts of interest.
The designated market makers were selected based on several criteria, including their Hong Kong bond market activities and their counterparty networks with Mainland FIs.
RFR adoption jumped in August in Japan and Switzerland. The US and UK are seeing steady progress. ISDA chief Scott O'Malia says there is no room for complacency.
The BOT will promote open data and infrastructure to facilitate SME access to credit. The sandbox rules will also be updated.
The group will enhance coordination between the central and local government agencies to better enforce against and punish capital markets misconduct.
The settlement concludes a civil suit filed against KPMG and its current and former partners over the audits 1MDB's 2010-2012 financial statements.
Government ministries will work with the central bank and national power utility to decide on rules governing the use of cryptocurrencies.
The move follows an agreement by state-backed investors including Citic Group to recapitalise Huarong.
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