India

Securities / Derivatives

RBI Issues Consolidated Directions for Interest Rate Derivatives

By Editors | 28/06/2019

Under the new directions, stock exchanges and OTC market-makers have been given the flexibility to design and structure IRD products tailored to the needs of market participants.

Enforcement

MUFG Bank Reaches Settlement with New York State Regulator

By Editors | 28/06/2019

The agreement settles claims relating to MUFG’s switch from state to federal oversight in November 2017, as New York regulators asserted continuing regulatory authority.

Market Infrastructure

RBI Issues Guidelines for Financial Benchmark Administrators

By Editors | 27/06/2019

Existing financial benchmark administrators will be notified if their benchmark is considered a “significant benchmark”. They will then have three months to apply for RBI authorisation.

Enforcement

RBI Launches Online Platform for Financial Complaints

By Editors | 25/06/2019

The new Complaint Management System allows customers of regulated financial entities in India to lodge complaints against those entities online.

Securities / Derivatives

RBI Retail FX Trading Platform Set for 5 August Launch

By Editors | 21/06/2019

The RBI has said that FX-Retail, the electronic platform for retail foreign exchange trading, will be launched on 5 August.

Securities / Derivatives

SEBI Tightens Rules on Handling of Client Securities

By Editors | 21/06/2019

SEBI has issued new rules governing the management and disposal of client securities held by trading and clearing members.

Securities / Derivatives

SEBI Allows Exchanges to Introduce Commodity Index Futures

By Editors | 19/06/2019

Following an earlier consultation paper, SEBI has approved the trading of commodity index futures on relevant local exchanges.

Market Infrastructure

SEBI Issues Stricter Disclosure Norms for Ratings Agencies

By Editors | 17/06/2019

Enhanced disclosure guidelines will require rating agencies to disclose default probabilities, factors that can impact ratings, and issuers’ liquidity positions.

Securities / Derivatives

India INX Launches Trading Platform for Green Bonds

By Editors | 17/06/2019

BSE-owned India INX has listed the bonds of three Adani-group subsidiaries on its new green bonds platform.