India

ESG / Sustainability

SEBI Consults on Regulatory Framework for ESG Disclosures, Ratings

By Manesh Samtani | 24/02/2023

The BRSR framework will be enhanced to require assurance on ESG disclosures. SEBI also proposes mandatory requirements for ESG rating providers.

Fintech / Regtech

RBI Publishes Full List of Payment Aggregator Approvals

By Editors | 22/02/2023

This is the first time the RBI has published a list of entities that sought approval to act as online payment aggregators.

Market Infrastructure

French, German Banks Get More Time to Solve India CCP Issue

By Mark Johnston | 21/02/2023

French and German regulators will give banks 18 extra months to find new ways to settle India trades, following ESMA decision to de-recognise Indian CCPs.

Fintech / Regtech

Singapore, India Launch Real-time Payments Linkage

By Editors | 21/02/2023

The service is available in Singapore via DBS and Liquid Group, and in India via Axis Bank, DBS India, ICICI Bank, Indian Bank, Indian Overseas Bank and State Bank of India.

Fintech / Regtech

RBI Launches Second Global Digital Innovation Hackathon

By Editors | 21/02/2023

The problem statements relate to digital banking services, priority sector lending, CBDC transactions, and blockchain scalability.

Securities / Derivatives

RBI Issues Draft Rules Permitting G-Sec Borrowing & Lending

By Editors | 20/02/2023

Entities that are permitted to engage in short selling are eligible to borrow securities under a GSL transaction, which may be a tenor of up to 90 days.

Securities / Derivatives

RBI Issues Draft Guidelines on Market Risk Capital Requirements

By Editors | 20/02/2023

The draft guidelines are open for comment until 15 April 2023. The RBI intends for the guidelines to come into effect from 1 April 2024.

Capital / Liquidity

India to Establish Backstop Fund for Corporate Debt Market

By Editors | 19/02/2023

SBI Mutual Fund will administer the $4bn fund, which will be 90% funded by the government and 10% by asset managers.

Big Picture

Some APAC Regulators Not Fully Operationally Independent: IOSCO

By Editors | 17/02/2023

Government officials in Singapore, Japan, Hong Kong, Australia and India have some ability to direct or influence securities regulators’ day-to-day operations.