J Neela & Associates’ Post

From 2004-05 to the early 2010s, indiscriminate lending, combined with companies misusing funds, placed significant strain on the corporate banking sector, leading to distress on NPAs and hampering growth. In some cases, promoters diverted funds to offshore jurisdictions, such as tax havens, to escape accountability. Banks needed to implement measures early on to check these practices, but they were still concerned with protecting their image and avoiding shaking up the economy. This underscores the importance of the Insolvency and Bankruptcy Code 2016 in promoting transparency and holding wilful defaulters responsible. #DefaultersParadiseLost #ABPLivePodcasts #FinancialAccountability #CorporateGovernance

Discover the reasons to choose SurancePlus by Oxbridge Re: Compliance with U.S. Securities laws, asset-backed investments, attractive ROI, and full transparency. Ready to make your move? Visit www.SurancePlus.com/invest to start investing. #OxbridgeRe #SurancePlus #Reinsurance #RWA

Switzerland and the UK have negotiated a Mutual Recognition Agreement (MRA) to enhance cross-border financial services. This unique agreement focuses on outcomes and regulatory cooperation, diverging from a technical equivalence-based approach. Learn more about its potential impact on the insurance, private banking and other financial sectors in our latest article. #UKSwitzerland #FinancialServices #MRA

Switzerland and the UK have negotiated a Mutual Recognition Agreement (MRA) to enhance cross-border financial services. This unique agreement focuses on outcomes and regulatory cooperation, diverging from a technical equivalence-based approach. Learn more about its potential impact on the insurance, private banking and other financial sectors in our latest article. #UKSwitzerland #FinancialServices #MRA

The role of collateral in securities finance has transformed—no longer a background concern: now a key driver of both liquidity and regulatory compliance. With regs increasing pressure on capital requirements, institutions must rethink how they manage their collateral, particularly as non-cash assets become more common. In our latest article, we discuss some of the findings of the 21st edition of the International Securities Lending Association (ISLA)'s Securities Lending Market Report and explore how automation and optimisation are setting the new standard for success in securities finance: https://lnkd.in/dyQi6wAb Big thanks to ISLA for their thought leadership! We believe their insights are critical for anyone navigating these shifts. #securitiesfinance #securitieslending #collateraloptimisation #collateralmanagement #ISLA #Automation #CapitalEfficiency #wematchlive

🏦 Understanding the complex nature of CRD VI ➡️ In this 2-part series, TFG’s Deepesh Patel spoke with Adam Harwood, Associate, A&O Shearman and Bob Penn, Partner, A&O Shearman, breaking down CRD VI and its implications on the syndicated lending and trade finance industry. ⚙️ Interbank lending will remain permitted. The EU authorities will conduct a review before implementation on whether the ‘interbank’ exemption should be extended to cover services provided to other financial sector entities. It is not clear what the scope of “financial sector entity” will be, though there is an existing definition for the term in CRR. 🪙 For the loan market, the effect of the changes will be to deprive in-scope non-EU firms of the ability to provide loans, guarantees and commitments into those EU Member States where those activities are currently unregulated, or a cross-border license is currently available, except where an exemption is available. 📖 Read the article, link in the comments section below ⬇️ #internationaltrade #CRDVI #EU #tradefinance

Stay Ahead in Financial Services: Q2 2024 Consultation Highlights! Explore the latest financial services consultations and their corporate implications from around the G-20 nations in our newest edition, covering updates from Q2 2024. What’s Inside: - Australia: Quarterly Insurance Publication Enhancements, Future System for Monetary Policy Implementation - Brazil: Regulations on Special Regimes, Sustainable Insurance and Pensions - Canada: Climate Scenario Exercise, Assurance Report Requirements for Benchmarks, Liquidity Rules for Banks - European Union: Credit Rating Agencies Framework, Operational Risk Loss Framework, Investment Firms Prudential Framework, Commodity Derivatives Under MiFID Review - India: Prudential Framework for Income Recognition, Digital Lending Transparency, Regulation of Payment Aggregators - Russia: NPF Remuneration Rules, Insurance Compensation and Premium Rates, Managing Conflicts of Interest for NPFs - And more! Read the full newsletter here - https://lnkd.in/gUnSXD_H Stay informed and compliant with Global Regulatory Insights! #RegulatoryUpdates #Compliance #GlobalInsights #GRI #LegalNews #FinancialServices #Sustainability

"Contracts for banking, financial, insurance, and investment services are places where service providers often embed terms favorable to themselves. Therefore, consumers need to be protected through regulations and the effective enforcement of law. Consumers at a disadvantage The terms in service contracts are always a major challenge for consumers in general." - excerpted from The Saigon Times. Read the full article here https://lnkd.in/gzWqEn_W Photo: CJ Infantino #ConsumerProtection #FinancialServices #InsuranceServices #LegalEnforcement #VietnamLaw

#TaxNewsAlert: The BIR has issued Bank Bulletins 2024-1 and 2024-02, highlighting Extended Banking Hours, Saturday Tax Return Acceptance, and Out-of-District Filing for Authorized Agent Banks. #VVC #MorisonGlobal #TaxUpdates #BIR #BankingHours

Shield your trade transactions from possible credit risks with comprehensive Trade Insurance solutions. Contact us today to protect your business against potential financial losses. https://smpl.is/9gk75 #tradeinsurance #materialdamageinsurance #constructionsite #businessoperations #contractworks #materialdamage #insurancepolicy