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RBI issues 244 Master Directions, consolidating over 9,000 circulars aimed at reducing compliance burdenThe Reserve Bank of India has reorganised its regulatory rulebook by merging thousands of circulars and guidelines into a smaller set of Ma...
Meta and TikTok challenge tech fees in second highest EU courtMeta and TikTok challenged an EU supervisory fee under the Digital Services Act, calling it disproportionate and based on flawed calculatio...
ECB to cut red tape for banks but don't expect 'Big Bang', says Claudia BuchThe European Central Bank is set to reduce bureaucratic hurdles for banks concerning share buybacks, internal models, and appointments, aim...
RBI to review remittance scheme amid $30 bn FY25 outflowsThe Reserve Bank of India is reviewing its Liberalised Remittance Scheme, which saw $30 billion in outflows in FY25, to promote rupee inter...
RBI to ease compliance burden while fine tuning regulations to address evolving risksRBI Governor Shaktikanta Das emphasized the importance of strong governance and resilient financial systems at the global conference on fin...
RBI streamlines process of filing supervisory returns by banks, NBFCsThe move will help reduce the burden of compliance on the regulated entities based on the recommendations of the Regulations Review Authori...
Fixing oversight culture may be biggest challenge in averting future bank crisesU.S. regulators are facing the challenge of addressing examiners' reluctance to raise red flags in the banking system, a problem that has p...
How Sebi's new fee collection mechanism will impact investment advisors, analystsSebi said that this ecosystem will help investors ensure that their payments are reaching only registered IAs and RAs. As a corollary, this...
Reserve Bank withdraws over 100 redundant circularsThe redundant circulars withdrawn relate to certain norms concerning Foreign Investment in India by Foreign Portfolio Investors, RTGS, Know...
RBI sets up RRA to streamline regulations and reduce complianceReserve Bank of India Deputy Governor M Rajeshwar Rao has been appointed as the Regulations Review Authority, the central bank said in a st...
Volkswagen welcomes German government's scheme to support low-emission carsGermany on Tuesday earmarked fresh cash to help the industry, which is facing tough competition from Chinese and U.S. rivals in electric mo...
Germany's Thyssenkrupp AG completes sale of its elevator technology businessThe group had signed an agreement with the consortium of equity firms on the purchase of the elevator business in February 2020, as a restr...
Stock market update: PSU bank stocks jump up to 2%; SBI among top gainersThe Nifty PSU Bank was trading 1.09 per cent up at 3,087 around 11:10 am.
RBI also responsible for failing to ensure public trust in PNB fraud case: Former RBI governor Y V ReddyReddy said it affects the depositors if a bank does not have enough money to pay to the depositors, that is, when the capital is not adequa...
CBI facing staff crunch at crucial positionsMore than one-third crucial posts of investigating and supervisory officers are lying vacant in CBI, which is burdened with over a thousand...
RBI sets up committee to review data managementRBI set up a committee to review its system of data management and the panel will also study the feasibility of moving towards to a more in...
- Siemens seeks damages from 11 ex-execs
Siemens AG said on Tuesday it plans to sue two former CEOs and nine other ex-executives for alleged supervisory failings in a corruption sc...