All posts tagged "Liquidation"
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566Asia-PacificBangladesh to Extend Deposit Protection to NBFIs
Currently only bank depositors are protected and customers of other types of deposit-taking financial institutions are not covered.
March 2, 2022 -
779EnforcementSeoul Court Declares Lime Asset Management Bankrupt
Investors lost an estimated KRW 1.7 trillion. Lime Asset Management has a reported KRW 520 billion in debt, compared to just KRW 19 billion in assets, which will be liquidated.
February 24, 2022 -
626ChinaSHFE to Introduce Commodity Swaps with Central Settlement
Shanghai Futures Exchange has issued new rules setting out the requirements for firms to participate as primary dealers, secondary dealers and settlement institutions.
January 30, 2022 -
731EnforcementFSC Korea Cancels Business Licence of Optimus Asset Management
The FSC has also fined Optimus and ordered board member removals, over "numerous counts of violations and inappropriate fund management activities".
November 26, 2021 -
209ChinaShenzhen Delivers ‘Landmark’ Personal Bankruptcy Ruling – Report
The ruling is is step towards building China’s legal framework that will allow millions of individuals to reorganise their debts.
November 13, 2021 -
381Capital / LiquidityIndia Authorises Sovereign Guarantee for New ‘Bad Bank’
India's new National Asset Reconstruction Company will acquire stressed assets through the issuance of tradeable security receipts guaranteed by the government.
September 20, 2021 -
260Market InfrastructureSGX Finalises Changes to Default Management Process
The changes align CDP’s default management process with global practices, improve efficiency, and enable speedier resolution of any clearing member default.
September 6, 2021 -
251Australia & NZASIC Prosecutes 124 Individuals for Failing to Cooperate with Liquidators
Company officers failed to provide registered liquidators access to the company's books and submit reports on company activities and property.
August 18, 2021 -
165Australia & 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 -
242Capital / LiquidityIndia Progresses Key Deposit Insurance Reforms
The reforms will enable customers to access their deposits within 90 days if a bank is unable to fulfill its obligations due to a moratorium.
August 9, 2021
