India

Trading & Investment

SEBI to Move Volatile Equity Derivatives to Physical Settlement

By Editors | 11/02/2019

Equities derivatives with heightened volatility will see an earlier than expected move to mandatory physical settlement, SEBI’s latest effort to reduce speculation and volatility.

Capital Adequacy

Former RBI Governor Speaks Out on Central Bank Autonomy

By Editors | 11/02/2019

Former central bank governor YV Reddy says there is no doubt the government has a claim over the RBI’s reserves, but questions how it is exercising its claim.

Market Abuse

SEBI Directs Exchanges to Check Volatile Stocks for Manipulation

By Editors | 07/02/2019

SEBI has asked the BSE and NSE to boost intra-day surveillance to check unusually volatile stocks for possible manipulation.

Structural Regulation

India to Set Up Unified Regulator for GIFT City Financial Services

By Editors | 07/02/2019

A bill to establish a unified regulator to oversee financial services at India’s GIFT City has been approved by the country’s cabinet.

AI Risk & Governance

SEBI Directs Market Infrastructures to Disclose AI, ML Use

By Editors | 05/02/2019

Stock exchanges, clearing corporations, depositories required to disclose their use of artificial intelligence and machine learning starting from the current quarter.

Anti-Money Laundering

India Launches Money Laundering Probe Against Former ICICI Bank Chief

By Editors | 03/02/2019

India’s Enforcement Directorate will seek to determine if alleged kickbacks generated in loan deals worth $262mn were laundered to create tainted assets.

Credit Risk

RBI Removes Three State Run Banks from PCA Framework

By Editors | 01/02/2019

India’s central bank has removed the Bank of India, Bank of Maharashtra and Oriental Bank of Commerce from lending restrictions under its prompt corrective action framework.

Structural Regulation

India Finance Ministry to Have Greater Say in SEBI Rulemaking

By Editors | 31/01/2019

SEBI regulations may need to be vetted through a separate independent committee constituted by the Ministry of Finance before being passed to the regulator’s own board for approval.

Trading & Investment

SEBI Issues Proposals to Improve Market for REITs, InvITs

By Editors | 30/01/2019

The regulator proposes to reduce the minimum subscription and trading lot size to great retail investors greater access, while also increasing the leverage limit for InvITs.