Financial regulation News

Governance in Crisis: Analyzing the NDB Financial Scandal and Regulatory Silence.

The alleged Rs. 13.2 billion financial discrepancy at the National Development Bank (NDB) has triggered a national debate on institutional accountability, audit failures, and the effectiveness of oversight bodies in Sri Lanka.

Understanding the Mechanisms of Parliamentary Control Over Public Finances.

An exploration of how parliamentary systems maintain oversight of national finances, detailing the legislative processes involved in budgetary approval and fiscal accountability.

Urgent Need for Financial Oversight: Addressing Recent Lapses in State Fiscal Management.

Washington Lawmakers Push for Stricter Regulation of Prediction Markets Despite Self-Policing Efforts.

US Senate Implements Strict Ban on Member Trading in Prediction Markets.

Legal Consequences Loom as Finance Ministry Secretary Skips Key Parliamentary Committee Hearing.

Legal experts warn that the Finance Ministry Secretary could face severe penalties under the Parliament (Powers and Privileges) Act after failing to appear before the Committee on Public Finance regarding a suspicious $2.5 million transfer.

Goldman Sachs Executive Kunal Shah on How Junior Talent and AI Are Reshaping Investment Banking.

PwC Faces Record $166 Million Penalty and Client Restrictions Following Evergrande Audit Scandal.

Sri Lanka’s New Fiscal Landscape: A Transformation in Public Financial Management.

Bangladesh Banking Crisis: DCCI Highlights Paradox of Excess Liquidity and Credit Drought.

The Dhaka Chamber of Commerce & Industry (DCCI) has warned that despite banks holding record excess liquidity, the private sector, particularly SMEs, is struggling to access credit. Experts call for urgent structural reforms and improved data accuracy to resolve this economic bottleneck.

Reserve Bank of India Eases Restrictions on Offshore Rupee Derivatives.

Systemic Fragility: Sri Lanka's Struggle with Financial Crime and Data Security.

An analytical look at how weak enforcement and systemic gaps in Sri Lanka's regulatory framework are fueling financial crime and data breaches, threatening national economic stability.