India

Trading & Investment

India Plans Launch of Municipal Bonds

By Editors | 10/09/2014

The Securities and Exchange Board of India is preparing the ground for the launch of municipal bonds, a popular debt instrument issued by local governments globally.

Structural Regulation

Indian Banks Units May Face Closure in UK Crackdown

By Editors | 06/09/2014

Foreign-owned retail bank branches in the UK, including some Indian ones, could be forced to close down in a crackdown on overseas banks with the aim to protect the British economy from a global crises.

Trading & Investment

New Regulation Joint Venture Aims to Serve India Market

By Editors | 03/09/2014

Regulation Asia and Pivot Management Consulting offer financial regulation coverage, consulting and events.

Trading & Investment

India’s SEBI to Reserve 25% of IPO for Mutual Funds, Insurers

By Editors | 01/09/2014

The Securities and Exchange Board of India plans to make it mandatory for issuers to reserve 25% of an initial public offering for domestic mutual funds and insurers.

KYC & CDD

India Plans to Offer Bank Accounts to Households

By Editors | 30/08/2014

India’s state-owned banks are conducting a massive campaign to open millions of accounts for poor Indians who are off the financial grid and vulnerable to black market money lenders.

Anti-Money Laundering

Standard Chartered Fined $300 Million by US Financial Watchdog

By Editors | 21/08/2014

Standard Chartered will pay $300m over lapses in anti-money-laundering procedures and temporarily suspend its dollar clearing operations with high-risk clients in Hong Kong, the New York State Department of Financial Services (DFS) said.

Credit Risk

Indian Large Banks Trim Exposure in Singapore

By Editors | 20/08/2014

India’s large banks are reducing their exposure in Singapore amid tightened regulation and oversight by the Monetary Authority of Singapore of foreign banks.

PEPs & Sanctions

PwC Fined $25 Million for Altering Probe Report on Japanese Bank

By Editors | 18/08/2014

New York state has fined PricewaterhouseCoopers $25m and suspended some consulting work for two years after it altered a report to regulators on sanctions and money-laundering controls for Bank of Tokyo-Mitsubishi UFJ Ltd.

Fraud, Scams & Cybercrime

India Tightens Regulatory Noose on Fraudsters

By Editors | 12/08/2014

Parliament has cleared a key bill to allow the Securities and Exchange Board of India to act against ponzi schemes and market manipulators more effectively with powers for search and seizure, attachment of assets, arrest of defaulters and access to call data records.