The Promise and Pitfalls of BRICS $100 billion CRA

BY KAVALJIT SINGH | Commentary | July 10, 2014

Brazil will host the leaders of Russia, India, China, and South Africa for the 2014 BRICS Summit during July 15-17, 2014. This Summit is expected to launch the $100 billion Contingency Reserve Arrangement (CRA) and further details on soon to be established BRICS Development Bank will be unveiled. In June 2012, Brazil had proposed the…

Taming the Shadowy World of Dark Pools

BY KAVALJIT SINGH | Briefing Paper # 17 | July 2014

After operating in the shadows for more than two decades, the murky world of dark pools is coming into the light. On July 1, 2014, the Financial Industry Regulatory Authority (FINRA), independent securities regulator of the US, imposed a fine of $800,000 on Goldman Sachs for failing to ensure that trades in its dark…

Too Fast to Fail?: The Perils of Algorithmic Trading in the Indian Markets

BY KAVALJIT SINGH | Briefing Paper # 16 | June 2014

Since 2011, algo trading has been swiftly gaining ground in the Indian stock and commodity markets. Algorithmic trading is all the rage in India now but the key questions that are rarely asked: To what extent algo trading be allowed in the Indian equity and commodity futures markets? Do we have a system of…


India-UAE BIPA: Why Such Desperate Haste?

BY KAVALJIT SINGH | Policy Brief # 2 | January 2014

On December 12, 2013, India and the United Arab Emirates signed a bilateral investment promotion agreement. Since India is currently reviewing all its investment protection agreements, the government has not explained why it has worked out an exception with the UAE. On December 12, 2013, India and the United Arab Emirates signed a bilateral…

South Africa

South Africa Overhauls its Investment Treaty Regime

BY SEAN WOOLFREY | Briefing Paper # 14 | December 2013

In November 2013, the South African government introduced Promotion and Protection of Investment Bill as part of an overhaul of the regulatory framework for foreign investment. Based on its review of bilateral investment treaties, the South African government has already terminated many of its existing BITs. Unlike the bilateral treaties, the proposed Bill provides…