International Financial Services Centres Authority was established on April 27, 2020 under International Financial Services Centres Authority Act, 2019. • Prudential regulatory requirements and norms: The Regulations require units to adhere to norms and guidelines prescribed by IFSCA, from time to time, in relation to maintaining liquidity coverage ratio, net stable funding ratio, leverage ratio; exposure ceiling and ascertaining the …
Elizabeth Warren on Thursday blamed Federal Reserve Chair Jerome Powell and lawmakers who enabled him for relaxing regulations that she said led to Silicon Valley Bank’s collapse last week. “I am grateful for the administration’s steady hand, but we shouldn’t have had to be here in the first place,” Warren initially said before taking aim at Powell and lawmakers on …
A Delhi court has summoned as accused 11 top officials of the Punjab National Bank, including former and current executive officials and the current managing director, for alleged violation of banking regulations and criminal conspiracy. In its complaint, the RBI has alleged non-compliance of its 2016 order directing commercial banks, including the PNB, to integrate their core banking system with …
