Based in India, Ajoy is a financial and industrial journalist with three decades of experience with leading print media brands in the country and global news agencies like Reuters. Over the years, he has covered major Indian heavy manufacturing industries like mining and metals, energy, chemicals and petrochemicals, and financial markets with a focus on equities and regulation.
Securities / Derivatives
Bangladesh Tightens Norms for Appointment of Auditors
20/06/2024
Market intermediaries are only allowed to appoint auditors from firms that are approved by BSEC. Errant auditors can be declared ineligible.
Market Infrastructure
SEBI Issues Framework for System Audits of Clearing Members
20/06/2024
System audits should encompass “all the IT resources” of professional clearing members to identify any “major or minor non-compliances”.
Fintech / Regtech
RBI Invites Applications for Recognition as NBFC Sector SROs
20/06/2024
SROs will be expected to develop standards for NBFCs, implement suitable surveillance, and share sectoral information with the RBI.
AML / KYC
Sri Lanka Sign New MoUs to Help Combat Illicit Finance
19/06/2024
Sri Lanka’s FIU signed two new information exchange agreements, one with the bribery commission and the other with its counterpart in Bahrain.
Securities / Derivatives
SEBI Mulls Measures to Contain Derivatives Trading Risks
19/06/2024
SEBI is considering raising options margin requirements, enhancing disclosures, and changing brokers’ fee structures, among other measures.
Crypto / Digital Assets
Indian Court Rules Crypto Dealings Are Not Illegal
19/06/2024
The court said that mere dealing in cryptocurrency “cannot be treated as illegal in any manner” as existing financial laws do not define it as ‘money’.
Securities / Derivatives
SEBI Tweaks Process for Allocating OFS Shares to Employees
14/06/2024
SEBI said employees will still be required to place bids on T+1, but such bids must be placed at the previous day’s cut-off price.
RBI Allows Banks to Give Importers Extra Operational Flexibility
13/06/2024
Banks maintaining special rupee vostro accounts are permitted to open an “additional special current account” for importers.
Securities / Derivatives
SEBI Launches Free Programme to Boost Investor Education
12/06/2024
The investor certification examination aims to enhance digital financial education about investing in the Indian securities market.
Fintech / Regtech
RBI Announces Launch of Global Anti-Fraud Hackathon
12/06/2024
The RBI is inviting innovations and solutions on real time prediction, detection and prevention of fraud in financial transactions.
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