India

Clearing & Post-Trade

Global Fund Association Calls on SEBI to Delay T+1 Implementation

By Editors | 25/10/2021

To support T+1 settlement, FPIs and their service providers would need to completely re-engineer the settlement and funding process, ICI says in a letter to SEBI.

Emerging Prudential Risks

RBI Finalises New Regulatory Framework for NBFCs

By Editors | 22/10/2021

The RBI is adopting a four-layer approach to regulating NBFCs. The new framework will take effect from 1 October 2022.

Clearing & Post-Trade

BSE India to Offer T+1 Settlement from 3 January 2022

By Sanday Chongo Kabange | 21/10/2021

BSE has told members and vendors to make necessary changes to their trading applications to ensure T+1 is supported.

Anti-Money Laundering

India, US Pledge to Take Stronger Action Against Financial Crime

By Editors | 20/10/2021

Indian finance minister Nirmala Sitharaman and US treasury secretary Janet Yellen also pledged to further engage on climate change.

Cybersecurity

RBI Penalised StanChart, SBI for Regulatory Violations

By Editors | 18/10/2021

The RBI cited non-compliance with its directions on customer protection, cybersecurity, outsourcing, and reporting.

Data Privacy

RBI to Allow Foreign Banks to Store Limited Data Overseas

By Editors | 14/10/2021

Following meetings with foreign banks, the RBI will allow certain static data to be stored in offshore locations for AML and sanctions screening purposes.

Trading & Investment

SEBI Orders Mutual Funds to Direct More Trades to RFQ Platforms

By Editors | 13/10/2021

From 1 December, 25% of mutual funds’ corporate bond trades must be directed through RFQ platforms of stock exchanges.

Fraud, Scams & Cybercrime

RBI Announces Fraud Theme for Fourth Sandbox Cohort

By Mark Johnston | 12/10/2021

The RBI said ‘prevention and mitigation of financial frauds’ will be the theme for the fourth regulatory sandbox cohort.

Market Risk

SEBI Issues Swing Pricing Framework for Debt Funds

By Editors | 11/10/2021

During periods of market dislocation, investors will only be able to exit certain debt funds at 1-2 percent below the NAV.