NSE and BSE are looking to sell derivatives traded at GIFT City exchanges to American investors; aimed at countering competition with SGX, which is launching its own Indian equity derivatives offering in June.
Central bank lifts three year residual maturity limits on foreign portfolio investment in government debt and consequently allows foreign investment into T-bills.
Extension to give listed companies more time to provide data to depositories on foreign investment; data to enable daily calculation of foreign investment in listed companies.
Local press reports say SEBI is concerned about excessive foreign money into the country’s nascent mutual funds industry making it susceptible to fund volatility.
BSE and NSE have launched online platforms for retail investors to participate in weekly RBI auctions for government securities and treasury bills.
CFA Institute survey finds as little as 31% of investors in Australia and 35% in Hong Kong trust the financial services industry.
Indian securities regulator is consulting the industry on potential guidelines for finger print and iris-scan authentication for stock trading through mobile apps, in a bid to protect the capital markets against cyberattacks.
Most Asian jurisdictions are behind on implementing counterparty credit risk measures, capital for CCP exposures as well as TLAC, IRRBB and LEX requirements.
Accounts opened without new documentary requirements will have severe restrictions in place including a INR50,000 maximum balance and monitoring to prevent foreign transactions.
Central bank deputy governor says banks see non-payment as “on par” despite loan resolution framework; poor credit culture must change.
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