India

AI Risk & Governance

RBI Considers Developing Regulatory Framework for Fintechs

By Editors | 07/07/2023

Deputy governor T Rabi Sankar Sankar indicated the RBI is committed to ensuring the fintech industry is provided adequate space to grow.

ESG Data

SEBI Mandates Certification for ESG Raters

By Ranamita Chakraborty | 07/07/2023

ESG rating providers in India now need to establish an adequate framework to ensure transparency, prevent conflicts of interest and openly publish their rating methodology on their website.

Trading & Investment

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.

Fraud, Scams & Cybercrime

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.

Payments & Settlements

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.

Cybersecurity

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.

Structural Regulation

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.

Operational Risk

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.

Trading & Investment

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.