India

KYC & CDD

India: KYC Becomes Mandatory for All Insurance Policies

By Editors | 08/01/2023

KYC documents have to date not been mandatory for non-life or general insurance policies at the time of purchase.

Credit Risk

Indian Banks Can Withstand Even Severe Stress Conditions: RBI

By Editors | 07/01/2023

RBI stress tests for credit risk showed that commercial banks can meet minimum capital requirements even under severe stress situations.

Clearing & Post-Trade

RBI Working to Mitigate Risks from ESMA Decision on Indian CCPs

By Mark Johnston | 05/01/2023

The RBI said it is engaging with European regulators and discussing “alternate arrangements” to avert a market disruption that could result from ESMA’s derecognition of Indian CCPs.

Anti-Money Laundering

NYDFS Ends Coinbase AML Probe With $100m Settlement

By Editors | 05/01/2023

The settlement includes a $50mn penalty and a commitment by Coinbase to invest a further $50mn in its compliance programme over the next two years.

Conduct, Culture & Accountability

SEBI to Enhance Investor Grievance Redressal Mechanism

By Editors | 03/01/2023

SEBI proposes to allow mediation and arbitration to be conducted entirely online and to only have a sole arbitrator rather than a panel deciding cases.

Trading & Investment

SEBI to Review Fees and Expenses Charged by Mutual Funds

By Editors | 03/01/2023

SEBI will review existing regulatory provisions and market practices applicable to mutual fund fees and expenses and consider appropriate policy measures.

Alternative Markets

NSE India Receives Approval to Set Up Social Stock Exchange

By Editors | 02/01/2023

The social stock exchange will allow direct listings from non-profit organisations and for-profit social enterprises.

Trading & Investment

NSE Chief Pushes to Extend Trading Hours for Indian Equities

By Editors | 30/12/2022

Ashish Chauhan said longer hours would enable mutual funds and banks to increase participation in hedging and liquidity-providing activities.

Structural Regulation

SEBI Proposes Regulatory Framework for Index Providers

By Manesh Samtani | 29/12/2022

Index providers could be subject to SEBI’s framework even if they do not know their indices are being used in India, and even if they are not regulated in their home market.