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Regulatory News

Reserve Bank Of India

The Reserve Bank of India is expected to extend the Basel ll implementation deadline to March 31, 2007. “Most banks won’t meet it anyway” was the comment of the Asian Banker (Source: Asian Banker). BIIA Newsletter April – 2006 Issue Read More »

UK Regulators Finally Act On Irresponsible Lending

United Kingdom: The Financial Services Authority (FSA) has today outlined proposals to ensure all mortgages are carefully assessed to make sure borrowers can afford them. Reflecting the FSA’s enhanced consumer protection strategy and intensive day-to-day supervision, the proposed changes aim to ensure all lenders get back to the basics of responsible lending and that problems are prevented before they can ... Read More »

China renews Google’s licence

Google said that the renewal of its Internet Content Provider license would allow continuance of providing web search and local products to our users in China.   It won permission last week to maintain its website in China and keep its toehold in the world’s most populous nation after bowing to pressure to eliminate a virtual detour around the country’s online ... Read More »

GOOGLE APPEARS TO BE LEARNING ITS LESSONS ON PRIVACY

Google appointed Alma Whitten as director of privacy across both engineering and product management. Her focus will be to ensure that Google builds effective privacy controls into its products and internal practices.  As a second measure Google employees are receiving orientation training on Google’s privacy principles and are required to sign Google’s Code of Conduct, which includes sections on privacy ... Read More »