India

Cybersecurity

India Introduces Cybersecurity Rules for Mutual Funds, Asset Managers

By Editors | 11/01/2019

Mutual funds and asset management companies must develop a cybersecurity policy document approved and regularly reviewed by their boards and trustees.

Capital Adequacy

India Delays Implementation Of Capital Conservation Buffer By One Year

By Editors | 11/01/2019

The RBI has announced the final tranche of the capital conservation buffer will be applicable from 31 March 2020 instead of 31 March 2019.

Credit Risk

RBI Turns Down Bank Requests for Special Classification of IL&FS Loans

By Editors | 10/01/2019

Banks will need to provision for IL&FS assets at the standard rate of 15% in the first year in the December quarter and will not get the six month reprieve they had asked for.

AI Risk & Governance

SEBI Instructs Brokers, Depository Participants to Report on AI, ML Systems

By Editors | 07/01/2019

Stock brokers and depository participants will have to report information on systems based on artificial intelligence and machine learning.

Fraud, Scams & Cybercrime

UPDATED – Losses from Bank Fraud Up 72 Percent – RBI

By Editors | 07/01/2019

According to RBI data, the higher losses are in large part due to increasing cybercrime as well as the Punjab National Bank scandal in February 2018.

Market Abuse

SEBI to Upgrade Market Surveillance System and Data Warehouse

By Editors | 04/01/2019

India’s securities regulator is looking to beef up its IT infrastructure for market surveillance and trade data analysis to improve detection of market violations.

Capital Adequacy

Easing Bank Capital Requirements Would Hurt Economy – RBI

By Editors | 03/01/2019

The RBI says that current provisioning is inadequate to cover future losses from bad loans, which have been underrecognised by Indian banks.

Trading & Investment

SEBI to Phase-In Physical Settlement of Equity Derivatives

By Editors | 02/01/2019

India’s securities regulator will introduce mandatory physical settlement of equity derivatives in a phased approach starting April 2019.

Credit Risk

UPDATED – RBI Allows Lenders One-Time Restructuring of MSME Loans

By Editors | 01/01/2019

Banks and NBFCs will be allowed to restructure defaulted loans not yet classified as NPAs, provided the borrower has aggregate exposures less than $3.6mn.