India

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.

Credit Risk

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.

Cloud & Infrastructure

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.

Trading & Investment

SEBI Approves Shorter IPO Timeline, New FPI Disclosures

By Editors | 29/06/2023

IPOs can list within three days instead of the current six days. FPIs will have to disclose additional information on ownership and control.

Conduct, Culture & Accountability

RBI Fines Credit Information Companies for Data Non-Compliance

By Ranamita Chakraborty | 28/06/2023

India’s central bank has taken collective action for the first time against all four credit information companies.

Payments & Settlements

SEBI to Introduce ‘UPI Block Facility’ for Equity Trading

By Editors | 26/06/2023

The facility allows investors to use blocked funds in their bank accounts for trading, instead of transferring them to the stock broker upfront.

PEPs & Sanctions

Swedbank to Pay $3.4m to Settle Liability for Sanctions Violations

By Mark Johnston | 23/06/2023

Swedbank Latvia sent send payments to persons in Crimea through US correspondent banks in violation of OFAC sanctions.

Clearing & Post-Trade

SEBI Settles With NSE Over 2021 Trading Glitch

By Editors | 22/06/2023

NSE and NSE Clearing have to pay a combined $8.9mn to end proceedings over a 2021 glitch that cause a complete trading halt for over three hours.