Entities transacting in government securities, money markets and non-derivative forex markets will be required to have LEI codes, starting with larger firms in April 2019.
The RBI has reduced the holding time required for loans with maturities of over 5 years before they can be securitised.
The Net Stable Funding Ratio will apply to Indian banks on both a stand-alone and consolidated basis, and foreign banks on a stand-alone basis.
India's clearing corporations will have to enter into agreements establishing links between each other, as well as links to each trading venue, to operationalise the framework by June 2019.
SEBI's new framework requires large corporates to raise at least 25% of their financing through debt securities issuances, to reduce reliance on bank funding and boost the bond market.
The central bank also agreed to allow SMEs to restructure loans and extend the deadline for banks to comply with the capital conservation buffer by one year.
India's Prime Minister Narendra Modi on 14 November at Singapore Fintech Festival announced the launch of APIX, an online marketplace and sandbox for cross-border fintech services.
The government and RBI have reached a temporary agreement on some issues after an unprecedented public spat between the two caused alarm about the central bank’s independence.
The regulator is looking to set up private cloud infrastructure to enhance its analytical capabilities for better surveillance and investigations.
Banks can act as partial credit guarantors on bonds issued by NBFCs and HFCs to refinance existing debt, enhancing their credit ratings and making them more attractive to investors.