Believe it or not, the regulator is even stretching its arm to identify stressed borrowers and gauge the 'distance to default' as a measure of a particular bank's fragility, reveals Tamal Bandyopadhyay.
A top-class board is important from a systemic point of view, more so at a time when the wider financial world and India Inc is chasing the same talent as banks.
Last week, Domenico Scala, head of FIFA's audit and compliance committee and the man responsible for overseeing the election, said it could take place any time between December and March.
The penalty collected from Mazumdar-Shaw will be donated to a charitable organisation of her choice.
Scandal-plagued FIFA have turned to the man who helped the International Olympic Committee (IOC) out of their corruption crisis, appointing Swiss Francois Carrard as chairman of their reform committee.
He is nominated to the investment, innovation and audit committees.
FIFA's executive committee has voted to allow publication of former ethics investigator Michael Garcia's investigation into the bidding process for the 2018/2022 World Cups, president Sepp Blatter said in a statement on Friday.
'To the believers of crypto regulations, I have only one question to ask, how will you regulate it?'
FIFA's executive committee approved a package of planned reforms on Thursday aimed at cleaning up soccer's scandal-plagued world governing body, proposing integrity checks and term limits for senior officials and a new separation of policy and management positions.
The UGC chairperson stressed that foreign varsities with campuses in the country can only offer full-time programmes in physical mode and not online or distance learning.
Russia and Qatar could be stripped of their World Cup hosting rights if evidence emerges of bribery in the bidding process, Domenico Scala, the independent chairman of FIFA's audit and compliance committee, told a Swiss newspaper.
The Supreme Court on Wednesday said it would hear after two weeks the applications which have raised issues relating to the Board of Control for Cricket in India. The matter came up for hearing before a bench comprising Chief Justice S A Bobde and Justice L Nageswara Rao.
Leading sponsors of football's world governing body have demanded independent oversight of FIFA's reform process in an open letter published on Tuesday ahead of a key meeting to finalise proposed reforms at the scandal-plagued organisation.
'The CEO will neither be able to guide the senior team in operational matters nor decide on their appointment, compensation or removal.' 'Yet, the CEO is responsible for the profit and loss of the bank!' 'Why would the senior executives listen to him?' 'Which self-respecting professional would want to be a CEO with these constraints?' asks Tamal Bandyopadhyay.
The rules are being framed to maintain absolute transparency and fair play in investigations.
'If you wish to expand your business in a competitive global environment, you have no option but to be ethical.'
The average time lag between the date of occurrence of a fraud and its detection is 23 months; for large frauds (Rs 100 crore and above), it was 57 months.
The Committee of Administrators (COA) wants BCCI to appoint an Ombudsman and an Ethics Officer at the earliest to deal with any disputes leading up to its much-awaited Annual General Meeting and elections.
Recently-elected FIFA president Gianni Infantino was told on Monday that 'women are part of the solution' to the problems that have plagued football's scandal-plagued world governing body.
Many corporates lack listing governance norms, says NSE
The Budget proposed abolishing the under-performing, authority of advance ruling, to replace it with a two-member board of advance ruling.
Diageo, the world's largest distiller, has been focusing on compliance at United Spirits Ltd (USL) after its acquisition of a controlling stake in India's largest spirits maker.
European soccer's governing body have asked FIFA to investigate the alleged distribution from their headquarters of an anonymous heavily critical 'dossier' on UEFA president Michel Platini, German newspaper Welt am Sonntag reported on Sunday.
FIFA's executive committee has unanimously agreed to publish an 'appropriate' version of a report into the bidding process for the 2018/2022 World Cups but said Russia and Qatar would still stage the tournaments.
Swiss authorities have again searched the Zurich headquarters of FIFA and seized documents and electronic data in its corruption probe surrounding the global soccer body, the Swiss attorney general's office said on Friday.
Banks do extensive investigation before declaring an account fraud; they owe it to us as they deal with our money. Why would they try to fix an innocent borrower? asks Tamal Bandyopadhyay.
One thing is for sure: It smacks of the regulator's lack of confidence in the bank's board, points out Tamal Bandyopadhyay.
To strengthen corporate governance practices and disclosure requirements, Sebi has notified new rules, including that top 1,000 listed firms will have to formulate a dividend distribution policy. The regulator has also put in place a framework in relation to applicability, constitution and role of the Risk Management Committee (RMC) and eased norms for re-classification of a promoter as a public shareholder, according to a notification dated May 5. In addition, the regulator has asked listed firms to make available audio and video recordings of analyst and investor meets on their websites as well as stock exchanges within 24 hours or before the next trading day and also notified rules regarding Business Responsibility and Sustainability Report (BSSR).
England, who have won both the one-day and Twenty20 series against Sri Lanka, play a two-day practice match in Colombo before heading to Galle which hosts the first of the three Test matches from November 6.
Stock exchanges and other market infrastructure institutions as well as their top officials are liable to face penalties for lapses in handling and recitfying technical glitches, with Sebi putting in a place a stricter compliance system driven by "financial disincentives". The markets watchdog has come out with a detailed Standard Operating Procedure (SOP) for Market Infrastructure Institutions (MIIs) less than five months after a technical glitch halted trading at the country's largest bourse NSE for nearly four hours. There will be a "financial disincentives" structure for MIIs -- stock exchanges, clearing corporation and depositories -- for any business disruption beyond pre-defined time, according to a circular issued on Monday.
Capital markets regulator Sebi on Tuesday asked listed companies to work towards splitting the roles of chairman and managing director before the April 2022 deadline, as the new directive is not aimed at weakening the position of promoters. Listed entities were initially required to separate the roles of chairperson and MD/CEO from April 1, 2020 onwards. However, based on industry representations, an additional time period of two years was given for compliance. The regulation will now be applicable to the top 500 listed entities by market capitalisation, with effect from April 1, 2022.
A division bench of the high court comprising Justices Sanjib Banerjee and Arijit Banerjee, while hearing a public interest litigation, said that no visitors will be allowed to enter the marquees. For small pandals, barricades will have to be put up five metres from the entrance, while for the bigger ones, the distance has to be 10 metres, the court ordered.
Some of the men who might be candidates for FIFA president.
The MoD panel had submitted its report in March 2015, weeks before Prime Minister Narendra Modi announced that India would procure 36 jets.
The apex court also pulled up the Gujarat government for extending the deadline till July next year for hospitals to rectify the building by-laws violations, and said the "carte blanche" notification was in teeth of its order of December 18 last year and people will continue to die in fire incidents.
The panel suggests the government be authorised to raise the thresholds, which trigger applicability of Corporate Social Responsibility provisions.
H-1B visa reform bill introduced in US Senate
'We are going to have plane crashes left, right and centre.'
'At the first board meeting I chaired, I sensed that corporate governance is an issue in this company.' 'I started taking steps that may have aggrieved a few.' 'This has now become a mission I intend to accomplish before I step down.'
Corporate affairs ministry sending notices seeking details of fund disbursal
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