EU moves to tweak rules on foreign central counterparties amid tussle between RBI and European regulators

EU moves to tweak rules on foreign central counterparties amid tussle between RBI and European regulators

Mumbai: European Union authorities have proposed amending norms on exposure to third-country clearing houses, a move that comes amid a protracted tussle between the Reserve Bank of India (RBI) and regulators from the continent on treating the primary domestic sovereign bond platform. ET has seen a document dated February 13 that showed the General Secretariat … Read more

United Airlines finds loose bolts on several 737 MAX planes, raising pressure on Boeing

United Airlines finds loose bolts on several 737 MAX planes, raising pressure on Boeing

Boeing‘s latest 737 MAX crisis deepened on Monday after United Airlines said it had found loose bolts on multiple grounded MAX 9 aircraft, raising new concerns among industry experts about how its best-selling jet family is manufactured. U.S. regulators grounded 171 MAX 9 planes after a panel blew off an Alaska Airlines-operated flight not long … Read more

India to host global food regulators summit this week

India to host global food regulators summit this week

Health Minister Mansukh Mandaviya on Monday unveiled the logo of the summit to be held in Delhi and said that the event will provide a valuable platform for participants to deliberate on food safety and regulatory aspects. File | Photo Credit: PTI India is all set to launch its ‘food-o-copoeia’, a collection of safety and … Read more

India needs fourth pillar of economic governance: Regulatory Reforms

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India’s economic governance rests on four principal pillars: legislative, executive, judiciary and regulatory agencies. A fourth pillar is needed: reforms of regulatory agencies. India now has enough experience regarding the workings, and less than-satisfactory effectiveness, of our regulatory institutions due to badly drafted laws and regulations, level of human capital, selection of top functionaries, absence … Read more

China suspends Jack Ma’s Ant Group Shanghai IPO after warning

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By Lulu Yilun Chen and Richard FrostChina has suspended the Shanghai leg of Ant Group Co.’s $35 billion offering, potentially derailing the world’s biggest initial public offering. The Shanghai stock exchange will suspend the listing amid changes in the regulatory environment, it said in a statement Tuesday without providing further details. The debut was expected … Read more