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RBI: SBI, Standard Chartered do a CDS trade under new RBI norms

"This landmark transaction marks a pivotal moment in credit risk management and underscores the growing sophistication of financial instruments in the Indian market," said Parul Mittal Sinha, Head - Financial Markets, India, Standard Chartered Bank.
Parul Mittal Sinha Standard Chartered Bank India Standard Chartered Bank Reserve Bank State Bank Standard Chartered Bank India Wednesday

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Spectacularly Bad Ideas In Response To The Financial Crisis

The financial crisis is certainly the result of a series of rather complex situations, and with many people rushing to try to understand what happened, plenty of totally incorrect, but very simplified, explanations are being proffered: it was the Republicans fault! It was the Democrats fault! Free market economics doesn't work! Poor people are to…
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