India

Structural Regulation

SEBI Freezes New IPOs Amid Concerns of Rejected Bids

By Ranamita Chakraborty | 11/05/2022

IPO subscription applications are being rejected because funds are not being blocked, with some investors “gaming” the system.

Reporting & Disclosures

SEBI to Enhance ESG Disclosure, Assurance Requirements

By Editors | 11/05/2022

A new committee will work to address mis-selling and greenwashing risks and explore the introduction of prudential requirements for ESG funds.

Market Data & Technology

SEBI Directs Stock Exchanges to Audit Systems and Networks

By Editors | 08/05/2022

Stock exchanges must certify that their trading architecture and co-location facilities conform with regulatory requirements and treat all market participants fairly and equitably.

Conduct, Culture & Accountability

RBI Issues Guidance for NBFCs on Senior Manager Remuneration

By Editors | 07/05/2022

NBFCs should constitute remuneration committees and use malus or clawback arrangements to account for possible misconduct or poor financial performance.

Liquidity Risk

RBI Surprises Market with Interest Rate Hike

By Editors | 06/05/2022

The RBI also increased the cash reserve ratio, the percentage of cash that banks need to keep in reserve against their total deposits.

KYC & CDD

NYDFS Issues Guidance Recommending Use of Blockchain Analytics

By Editors | 05/05/2022

The guidance emphasises the importance of blockchain analytics in conducting due diligence, transaction monitoring and sanctions screening.

Cloud & Infrastructure

India’s GIFT City to Introduce Fintech Regulatory Sandbox

By Editors | 04/05/2022

The dedicated regulatory sandbox is part of government efforts to establish GIFT City as ‘world class’ fintech hub.

Cybersecurity

India: CERT-In Includes Crypto Firms in New Directions

By Manesh Samtani | 03/05/2022

The directions require crypto exchanges, custodians and wallet providers in India to retain KYC information for five years and report cyber incidents to CERT-In.

Liquidity Risk

RBI Updates LCR Guidance for Commercial Banks

By Editors | 30/04/2022

Banks can include government securities worth up to 16 percent of their NDTL in their LCR calculations, compared to 15 percent under earlier guidance.