India

Securities / Derivatives

SEBI Proposes to Require FPIs to Route Bond Trades to RFQ Platforms

By Editors | 06/07/2023

SEBI intends to mandate FPIs to carry out at least 10 percent of their total secondary market trades in corporate bonds via RFQ platforms.

AML / KYC

India: Former Chair of Coop Bank Arrested on Fraud Allegations

By Sanday Chongo Kabange | 06/07/2023

India’s Enforcement Directorate arrested the ex-chairman of Seva Vikas Co-operative Bank in connection with a fraud investigation.

Fintech / Regtech

RBI to Require Card Issuers to Offer Network Optionality

By Sanday Chongo Kabange | 06/07/2023

Banks and other card issuers will have to provide options for customers to freely choose which card networks processes their payments.

Market Infrastructure

SEBI Consults on Consolidated Cyber Resilience Framework for REs

By Sanday Chongo Kabange | 05/07/2023

The new draft master framework, open for consultation until 25 July, consolidates 15 individual circulars on cybersecurity issued since 2015.

Securities / Derivatives

SEBI Offers Clarity on Directorships of Debenture Trustees

By Ranamita Chakraborty | 05/07/2023

The regulator noted issuers that are not companies under India’s Companies Act, 2013 are not obligated to appoint directors.

Capital / Liquidity

RBI Sets Capital Requirements for Operational Risk

By Ranamita Chakraborty | 04/07/2023

Commercial banks in India will be required to explain their policies, frameworks, and guidelines for managing operational risk.

Market Infrastructure

New SGX, NSE IX Platform to Add Nifty Liquidity

By Jill Wong | 04/07/2023

SGX says the new NSE IX-SGX GIFT Connect will help deepen the liquidity pool for Nifty products.

Market Infrastructure

SEBI Issues Rules Requiring CRAs to Name Uncooperative Issuers

By Sanday Chongo Kabange | 03/07/2023

SEBI has issued new rules to address the growing number of issuers refusing to provide information to CRAs to properly assess their credit risk.

Fintech / Regtech

RBI Launches New Centralised Information Management System

By Sanday Chongo Kabange | 03/07/2023

The new system uplifts the RBI’s ability to handle large data flows, aggregate data, perform analysis, disseminate information to the public, and engage with reporting entities.