FTC Chairwoman Lina Khan testifies during the House Appropriations Subcommittee on Financial Services and General Government hearing titled “Fiscal Year 2025 Request for the Federal Trade Commission,” in Rayburn Building on Wednesday, May 15, 2024. Tom Williams | Cq-roll Call, Inc. | Getty Images The Federal Trade Commission on Wednesday announced a crackdown on what … Read more
The board of the capital markets regulator, the Securities and Exchange Board of India (Sebi) will have a new look as two members exit after the end of their respective terms to make way for two incoming candidates. The Sebi chief, while also a full-time member of the board, reports to it. IIM Bangalore professor … Read more
The Securities and Exchange Board of India (Sebi) has proposed faster credit and trading of bonus shares. It has suggested to streamline and reduce timelines of bonus issue enabling T+ 2 trading of shares post record date. The move is aimed to reduce investors’ risk of market volatility due to any delay in credit of … Read more
The Securities and Exchange Board of India (Sebi) has imposed a total penalty of ₹2 crore on JM Financial Asset Management, its trustee company, its former chief executive Bhanu Katoch and four other individuals for violating mutual fund rules. The regulator had observed an unusual jump in in the net asset value (NAV) of a … Read more
India’s capital market regulator has proposed a new asset class, different from mutual funds, Portfolio Management Services (PMS) and Alternative Investment Funds (AIFs). A look at what this means: What is the new asset class that’s in the works? To meet the growing demand for financial products in India, the Securities and Exchange Board of … Read more
A general meeting of Deutsche Bank Arne Dedert | picture alliance | Getty Images Deutsche Bank incorrectly disclosed deferred tax assets in its 2019 financial statement which did not meet international accounting standards, the German regulator BaFin said on Tuesday. “The declarations on deferred tax assets in the consolidated financial statement were not complete,” the … Read more
A scurrilous story that was slowly fizzling out, has made a messy reappearance. An unhindered Wall Street player that thrives on blemishes of others and is seemingly answerable to no one, has cast aspersions on an overbearing regulator which is used to dealing with timid fund managers and brokers. The Adani story has moved beyond … Read more
Mumbai: The Securities and Exchange Board of India (Sebi) will consider a proposal to tighten rules on the inclusion of stocks in the derivatives segment at its board meeting on June 27. This will be one of the main points of discussion, said a person close to the development, as the capital market regulator looks … Read more
HDFC Bank is discussing with investors and the regulator a plan through which the country’s most-valued lender would buy back some of the bonds issued by the erstwhile HDFC, and replace these instruments with new infrastructure bonds to be sold to the same set of investors holding the securities. This exercise, if approved, would help … Read more
Market regulator Securities and Exchange Board of India (Sebi) has issued a warning to ICICI Bank on the outreach undertaken by the lender regarding the delisting of ICICI Securities. The regulator said the outreach programme was done with the objective of maximising participation in the voting process. “The outreach was done in face of a … Read more
