India

Trading & Investment

SEBI Proposes New Asset Class for High Risk Takers

By Ajoy K Das | 18/07/2024

To discourage retail investors, SEBI has proposed a minimum investment threshold of INR 1 million for this new asset class.

Structural Regulation

SEBI Proposes ‘Summary Proceedings’ for Certain Intermediary-led Violations

By Ajoy K Das | 17/07/2024

The move is part of the capital market regulator’s efforts to streamline regulatory processes and ensure swift enforcement actions.

Fraud, Scams & Cybercrime

RBI Updates Fraud Risk Management Rules for Regulated Entities

By Ajoy K Das | 16/07/2024

The revised master directions mandate the establishment of data analytics and market intelligence units within REs to strengthen fraud risk management systems.

Structural Regulation

SEBI Recognises BSE as Supervisory Body for Analysts, Advisers

By Ajoy K Das | 15/07/2024

BSE has been granted five-year recognition as supervisory body for research analysts and investment advisors.

AI Risk & Governance

New York DFS Issues Rules Governing AI for Insurers

By Nithya Subramanian | 15/07/2024

The guidance ensures that implementation of AI in insurance does not perpetuate systemic biases that result in unfair discrimination, while providing market stability.

Credit Risk

IFSCA Permits Synthetic Securitisation by Banks in GIFT City

By Ajoy K Das | 12/07/2024

IBUs will be allowed to participate in synthetic securitisation if its home regulator complies with Basel III framework.

Fraud, Scams & Cybercrime

RBI Red Flags Bank Accounts Used for Fraud and Evergreening

By Ajoy K Das | 12/07/2024

Banks should rationalise accounts and enforce stringent control measures through proper reporting to the audit committee of the board, said Swaminathan.

Capital Adequacy

RBI Permits Banks to Use Ratings by Brickwork Ratings India

By Ajoy K Das | 12/07/2024

SEBI had cancelled Brickwork’s registration as a CRA in 2022, but the central bank now has allowed banks to use its ratings for loans up to INR 2.5 billion.

Payments & Settlements

RBI Further Opens GIFT City Banking to Indian Residents

By Ajoy K Das | 12/07/2024

The change is expected to contribute to developing GIFT City’s banking environment and boost business prospects for the financial hub.