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The Securities Blawg


BSE & NYSE: Tales 'from under the Banyan Tree'
At the heart of the Financial Capital of the world’s seventh biggest economy and home to many conglomerates, Mumbai stand a few iconic...

Manal Shah
Jan 21, 20193 min read


Hedge Funds
The term “hedge funds”, first came into use in the 1950s to describe any investment fund that used incentive fees, short selling, and...

Manal Shah
Jan 14, 20197 min read


UCITS - Fund Passports
The appetite for mobile funds and products with passports extends beyond investors in the EU, Hence, the growth of UCITS funds around the...

Manal Shah
Jan 7, 20195 min read


Fund Vehicles
A Fund Vehicle is nothing but a privately pooled investment vehicle which collects funds from investors for investing it in accordance...

Manal Shah
Jan 1, 20195 min read


Insolvency and Bankruptcy (Amendment) Ordinance 2018
Introduction The president of India assented to promulgate the Insolvency and Bankruptcy Code (Amendment Ordinance) 2018 (No. 6 of 2018)...

Manal Shah
Dec 30, 20183 min read


Innovators Growth Platform
Vide Amendments to the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations 2009 (“ICDR...

Manal Shah
Dec 25, 20185 min read


AIG - A Cautionary Tale
“There was this idea that real estate investments were safe because the securities had a AAA credit rating.” —Robert McDonald Risk...

Manal Shah
Dec 6, 20188 min read


Securitization Part 3/3 - Players
At its outset, the process of Securitisation involves a few key players and a few key instruments which are discussed in this post. In...

Manal Shah
Nov 30, 20186 min read


Securitization Part 2/3 - Process Components
Securitization played its part in the 2008 Crisis. The structured financial technique involved several instruments.[1] Any literature on...

Manal Shah
Nov 25, 20185 min read


Securitization Part 1/3
Securitization gained its roots in the American economy as early as in the 1970s by pooling of home mortgages carried out by the...

Manal Shah
Nov 22, 20181 min read


Prompt Corrective Action
PCA is intended to intervene early and take corrective measures in a timely manner, so as to restore the financial health of banks.

Manal Shah
Nov 18, 20185 min read


The 2018 FPI Saga: Entry of ‘Look Through’ mechanism and exit of Non-Resident Fund managers?
Two SEBI circulars dated April 10, 2018, shook up the Foreign Portfolio Investment segment. Terms of the circulars explicitly bar...

Manal Shah
Nov 7, 20186 min read


Data Protection – Part 2: Impact on the Financial Segment
Part two of two-post series on the impact of the data protection bill on financial institutions in India.

Manal Shah
Oct 28, 20184 min read


Data Protection – Part 1: Introduction, Background & Critical Analysis
First of two-part series to address the impact of the data protection law on financial institutions.

Manal Shah
Oct 27, 20185 min read


Real Estate Investment - Sub-Prime Crisis
Sub-prime Crisis (2008) led to a severe global economic downturn with America as its epicentre. At the crux of the 2008 crisis was...

Manal Shah
Oct 16, 20183 min read


Real Estate Investment Trusts : Human Rights perspective
A Special Rapporteur of the United Nations Human Rights Commission has listed the many defeats of human rights with the growing...

Manal Shah
Oct 10, 20183 min read


Voluntary Retention Route
With an aim to attract long-term and stable FPI investments into debts market while providing FPIs operational flexibility to manage the...

Manal Shah
Oct 6, 20182 min read


Categorization and Rationalization of Mutual Funds
At the end of 2017, the Securities and Exchange Board of India (SEBI) brought in some changes in the composition, classification and...

Manal Shah
Oct 1, 20184 min read


Deadlock Resolution Clauses: Resolution and Avoidance
Businesses are complex organizations involving several individuals who pool in their knowledge, capital and other resources and work...

Manal Shah
Sep 25, 201811 min read


Algorithmic Trading in India
Algorithmic trading is a step-by-step instruction for trading actions taken by automated systems.

Manal Shah
Sep 18, 20186 min read
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