by AIP Online Bureau | Dec 24, 2024 | Indian News, Regulation
The watchdog has imposed a monetary penalty of Rs 2 crore on Deloitte Haskins & Sells LLP New Delhi: The National Financial Reporting Authority (NFRA) has imposed a fine of Rs 2 crore on Deloitte Haskins & Sells LLP as well as penalties on two chartered...
by AIP Online Bureau | Dec 8, 2024 | Eco/Invest/Demography, Indian News, Policy, Regulation, Risk Management
“If we are going global, a lot of funds have to come and being aligned with international standards will help in attracting the funds… when you align with global standards, there will be more investors’ confidence and greater credibility to the financial...
by AIP Online Bureau | Sep 23, 2024 | Eco/Invest/Demography, Indian News, Regulation, Risk Management
The NFRA’s proposed change stems from the alleged audit failures at companies like Reliance Capital Ltd., Coffee Day Global Ltd., Dewan Housing and Finance Ltd. and IL&FS Group where a “mechanical reliance was placed by the principal auditor on the work of the...
by AIP Online Bureau | May 13, 2023 | Banking & Bancassurance, Eco/Invest/Demography, International News, Regulation, Risk Management
The National Financial Regulatory Administration(NFRA) is a new government body under the State Council tasked with consolidating supervision over the multi-trillion dollar financial industry It will replace the CBIRC and absorb some supervisory functions from the...
by AIP Online Bureau | Mar 11, 2023 | Banking & Bancassurance, Eco/Invest/Demography, International News, Life, Non-Life, Reinsurance
The watchdog, which will oversee all aspects of China’s $57 trillion financial sector apart from the securities market, should help reduce regulatory overlap especially at the level of local government, analysts say The new regulator will replace the banking and...
