After prolonged discussions, the US and Swiss authorities came to an agreement earlier this month whereby UBS would disclose details of certain US account holders who are suspected of evading US taxes. The Time Magazine outlines the terms: Under the terms of the new agreement, the IRS will submit a request to Swiss tax authorities to divulge within one year the names of clients suspected of stashing money in UBS to evade U.S. taxes.

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Swiss Accounts and Banking Secrecy: Contrasting Outcomes

The concepts of securitization and credit default swaps (CDS) have acquired a negative connotation over the last couple of years since they were said to have triggered the global financial crisis during the second half of 2007. More, importantly, the assets involved were sub-prime loans that underwent a process of disintermediation due buy medicine online to which risk perceptions on the underlying assets were altered. Now, there appears to be a resurgence of these instruments.

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The Resurgence of Securitization and CDS

SEBI today issued amendments to the SEBI (Disclosure and Investor Protection) Guidelines, 2000 with a view to simplifying the process for a rights issue. Since listed companies embarking on a rights issue are already subject to the disclosure norms under the listing agreement, substantial information regarding such companies are already available in the public domain, and hence SEBI has decided to streamline the disclosures. This addresses a long-standing complaint that Buy Amoxil rights issues are cumbersome and costly, thereby putting off several companies from accessing capital through this route

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Amendments to DIP Guidelines: Rights Issues and IDRs

(The following column by Somasekhar Sundaresan appeared in today’s Business Standard) Newspapers have recently reported that a proposal has been mooted in government to convert the Securities Appellate Tribunal (SAT) into a “Financial Services Appellate Tribunal” to hear grievances against orders passed by various sub-sectoral regulators. Currently, the SAT hears appeals only against orders passed by the Securities and Exchange Board of India (‘SEBI’). India has not opted for a single integrated regulatory Buy Cipro approach unlike the United Kingdom, which has the Financial Services Authority as the sole regulator.

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Merits of a Financial Services Appellate Tribunal