Financial markets
The crisis in India's corporate bond market has worsened due to a regulatory ambiguity regarding the rating of unlisted securities worth over Rs 1 lakh crore. Credit rating companies (CRAs) are seeking guidance from the ministries of corporate affairs and finance to resolve the issue, as they are
Financial markets
The role of credit reporting systems has undergone significant expansion in Azerbaijan's financial landscape, with credit bureaus now playing a crucial role in reducing information asymmetries and default probabilities in credit markets, said Togrul Aliyev, Deputy Governor of the Central Bank of Azerbaijan. Credit bureaus are now integral
Financial markets
Trading Technologies International, a global capital markets technology platform services provider, has announced that its TT Trade Surveillance offering has been recognized as Trade Surveillance Product of the Year in the 2025 Risk Technology Awards. The award is testament to the strides made by Trading Technologies in establishing a world-class
Financial markets
The Securities and Exchange Commission's (SEC) recent directive prohibiting Independent Non-Executive Directors (INEDs) from assuming executive roles within the same company or group structure has received support from key market stakeholders, particularly shareholders who view it as a step toward safeguarding boardroom neutrality and improving investor confidence. The
Financial markets
The Securities and Exchange Commission (SEC) has issued a circular to public companies and capital market operators to discontinue the practice of allowing Independent Directors to transition into Executive Director roles within the same company or group. The Commission maintains that this practice undermines the core principle of board independence
Financial markets
As the world grapples with the implications of private sector digital currency issuances on financial market stability and monetary policy, the concept of Central Bank Digital Currencies (CBDCs) has emerged as a topic of global discussion. Developed and emerging countries are exploring the development of CBDCs to enhance cross-border payments,
Financial markets
UDR, Inc. has appointed Dave Bragg as its new Chief Financial Officer (CFO), effective July 24, 2025. Bragg succeeds Joe Fisher, who was appointed to the role of Chief Investment Officer (CIO) in January 2025. Bragg brings over two decades of experience in real estate finance, investment strategy, and capital
Financial markets
The Securities and Exchange Commission (SEC) has launched a new initiative to promote good corporate governance by introducing restrictions on the movement of Independent Non-Executive Directors (INEDs) between executive and non-executive roles. The directive follows concerns over the erosion of board independence, particularly the practice of INEDs being converted to
Financial markets
The State Bank of Pakistan (SBP) has taken measures to inject a record Rs14.304 trillion into the money market via conventional and Sharia-compliant open market operations (OMOs) to alleviate liquidity pressures. These pressures were caused by an increase in currency in circulation (CiC) during Eidul Azha and a delay
Financial markets
The Securities and Exchange Commission (SEC) has cracked down on a widespread practice among public companies, where independent non-executive directors (INEDs) were transitioning into executive roles, compromising their neutrality and independence. The commission has barred INEDs from taking up executive positions, including that of chief executive officer (CEO), within the
Financial markets
AGM Group Holdings Inc. has made significant strides in its compliance with the Nasdaq Listing Rules, having received a letter from The Nasdaq Stock Market LLC informing the company of its compliance with the bid price requirement. This comes as a result of the company's continued listing on
Financial markets
The federal government's Sovereign Green Bond Offer saw an overwhelming response from investors, with the Debt Management Office (DMO) receiving oversubscriptions of N91.42bn, surpassing the initial offering of N50bn. The bond issuance, which closed on Wednesday, June 18, 2025, was the third Green Bond Issuance by the
