All posts tagged "Insolvency"
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475Big PictureCovid-19 Liquidity Issues to Morph into Solvency Threat: BIS
Once the acute illiquidity phase of the crisis passes and insolvency problems emerge, the onus of crisis management will shift from central banks to fiscal authorities.
July 1, 2020 -
2.5KAML / KYCUPDATED – Wirecard Fraud: A Timeline of Events
Wirecard has filed for insolvency amid multiple probes. BaFin faces scrutiny for mishandling clear red flags. EY faces lawsuits for failing to catch the improprieties earlier.
June 30, 2020 -
1.3KEnforcement
BaFin Efficacy Called into Question for Wirecard Handling
Last February, BaFin responded to whistleblower allegations and critical media reports by banning short-selling in Wirecard and filing criminal charges against journalists.
June 22, 2020 -
312EnforcementHigh-level Panel Proposes Overhaul of SEBI Enforcement Mechanism
The panel says intermediary regulations need to be amended to speed up enforcement action, and that SEBI should be granted the authority to seize assets subject to investigation.
June 18, 2020 -
595Capital RegulationChina’s Banks Poses Growing Risks for US Investors: Report
US savers are increasingly likely to have exposure Chinese banks and their "large volumes of NPLs", says a report from a US Congressional advisory body.
June 3, 2020 -
503IndiaIndia Suspends Bankruptcy Law Provisions to Avert Insolvency Filings
India's Cabinet has approved the suspension of provisions that allow financial and operational creditors to initiate insolvency.
April 27, 2020 -
459FeatureMAS Revises Code on Collective Investment Schemes
The changes extend the requirements imposed on approved trustees and managers to VCCs, VCC directors and VCC custodians, while also introducing a best interest duty.
March 17, 2020 -
478AML / KYCMAS Publishes Responses to VCC Consultation Papers
VCCs are required to engage an Eligible Financial Institution, or EFI, to perform necessary AML/CFT checks and maintain the register of controllers, nominee directors and beneficial owners.
January 16, 2020 -
341IndiaIndia’s DHFL to Undergo NCLT Bankruptcy Proceedings
The National Company Law Tribunal has allowed the RBI to start insolvency proceedings against the troubled mortgage lender Dewan Housing Finance Limited under the new bankruptcy rules for financial firms.
December 3, 2019 -
451Capital RegulationMCA Releases Interim Rules for Handling NBFC Insolvency
The framework will serve as an interim mechanism to deal with any urgent situation at systemically important NBFCs, pending the introduction of a full resolution framework.
November 20, 2019
