The Reserve Bank of India has updated bank capital rules, aligning them with global standards and clarifying how lenders assess trading partner default risk. New guidelines require banks to include trading-partner exposures from all consolidated entities. Updated ‘add-on’ percentages for off-balance-sheet trades like derivatives are now in effect, impacting capital requirements for clearing members on exchanges.
Oil prices choppy as WSJ reports IEA eyes biggest oil release ever
Oil prices are fluctuating. The International Energy Agency is proposing a historic release of oil reserves. This move aims to counter supply disruptions caused by