India

Crypto / Digital Assets

G20 Endorses Crypto Regulatory Roadmap, India Unlikely to Impose Ban

By Manesh Samtani | 12/09/2023

The G20 finance ministers and central bank governors will meet again next month to take the IMF-FSB crypto regulatory roadmap forward.

Capital / Liquidity

RBI Announces Decision to Discontinue I-CRR Requirement

By Editors | 11/09/2023

25% of the I-CRR was released on Saturday. Another 25 percent will be released on 23 September. The remaining 50 percent will be released on 7 October.

Fintech / Regtech

RBI Governor Launches New Features on UPI System

By Editors | 08/09/2023

The new features include voice-enabled payments, offline transfers, and NFC-enabled QR code payments.

Crypto / Digital Assets

RBI Seeking to Develop More Use Cases for CBDC

By Editors | 07/09/2023

The RBI plans to start allowing the use of CBDC in the call money market, which is used for short-term interbank borrowing.

SEBI Asks AIF Industry to Develop Governance Code

By Mark Johnston | 07/09/2023

The code would aim to address issues such as conflicted transactions, disclosure standards, valuation practices, and interpretation of regulations.

Fintech / Regtech

SEBI Developing AI Tool to Detect Fund Mis-selling

By Editors | 07/09/2023

The AI tool will be able to detect misselling that may go unnoticed using “rule-based supervision”, said SEBI chairperson Madhabi Puri Buch.

Market Infrastructure

RBI, ESMA Close to Resolving Stand-Off Over CCPs – Report

By Manesh Samtani | 07/09/2023

Discussions regarding MoUs between the RBI and ESMA are reported to be progressing more smoothly and regularly.

Fintech / Regtech

RBI Calls on Fintech Industry to Establish Self-Regulatory Body

By Editors | 07/09/2023

The RBI’s Shaktikanta Das and T Rabi Sankar said an SRO would be the best way to regulate the fintech industry and establish best practice standards.

Securities / Derivatives

SEBI Creates New ‘Abridged Prospectus’ Format for Debt Issuance

By Editors | 06/09/2023

The new format will further simplify and provide greater clarity and consistency in the disclosures by debt issuers, SEBI said.