All posts tagged "Insolvency"
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238IndiaIndia Proposes New Cross-border Insolvency Framework
The framework will provide a mechanism for foreign creditors to obtain recognition of overseas proceedings in local courts.
December 1, 2021 -
228Capital RegulationMAS to Implement Contractual Recognition Requirement
Singapore banks have three years to ensure their foreign law financial contracts recognise MAS' temporary stay powers regarding termination rights.
November 3, 2021 -
159IndiaUPDATED – RBI to Initiate Insolvency Proceedings at Two NBFCs
Srei Infrastructure Finance and Srei Equipment Finance owe about INR 180 billion in loans to about 15 banks and INR 100 billion in external borrowings and bonds.
October 7, 2021 -
258EnforcementSingapore Court Charges UK Man in Wirecard Probe
The man faces charges for abetting the falsification of a document that represented Wirecard's missing money was being held in escrow.
September 2, 2021 -
447Big PictureBIS Paper Warns of Delayed Corporate Insolvency Wave
Unexpected credit losses could leave banks with inadequate loss-absorbing resources, warns a new working paper from the BIS.
August 21, 2021 -
99Australia & NZFMA Proposes Financial Reporting Exemptions for Insolvent Firms
New Zealand’s FMA is considering introducing a class exemption for insolvent FMC reporting entities from certain financial reporting obligations.
August 12, 2021 -
232Big PictureCorporate Governance Policy Frameworks Need Strengthening: OECD
The OECD says significantly fewer companies are using public equity markets, but that strengthening corporate governance policies and frameworks can help.
July 5, 2021 -
252InternationalFSB Launches Review of Corporate Debt Workouts
Feedback is invited from financial institutions, corporates, insolvency practitioners and other stakeholders in relation to out of court debt workouts.
June 29, 2021 -
167AML / KYCKorean Officials Seize Cryptocurrency from Tax Evaders
Investigators had to compare tax evaders' mobile phone numbers against those registered at crypto exchanges in order to track down their account details.
June 24, 2021 -
179Capital RegulationKorean Cabinet Approves Rules on SIFI Resolution Plans
SIFIs will be required to prepare recovery and resolution plans and submit them to the FSS within three months from being designated.
June 23, 2021
