India

Capital / Liquidity

RBI Directs Banks to Improve Financial Statement Disclosures

By Editors | 22/12/2022

The RBI has asked banks to disclose more information when “Other Liabilities and Provisions” and “Other Assets” items exceed 1% of total assets.

Securities / Derivatives

SEBI Extends Trading Suspension in Seven Agri-Derivatives

By Editors | 21/12/2022

The December 2021 suspension was due to expire on 20 December 2022. The extension is for one more year.

Fintech / Regtech

ASIFMA Asks for Changes to SEBI Cloud Adoption Framework

By Editors | 19/12/2022

ASIFMA says the data localisation requirements in SEBI’s new cloud adoption framework will expose FIs to greater cybersecurity risks while negatively impacting global operations.

Securities / Derivatives

RBI Lifts Restrictions on Offshore Rupee Trades by Banks

By Editors | 17/12/2022

Informal restrictions on rupee NDF trades in the offshore market were imposed in October to help defend a falling rupee.

Securities / Derivatives

RBI Allows Resident Entities to Hedge Gold Exposures from GIFT City

By Editors | 12/12/2022

To date, resistant entities in India have not been permitted to hedge their gold price exposures in overseas markets.

Enforcement

SEBI Warns Against Misuse of Whistleblower Policy

By Editors | 11/12/2022

A SEBI official said many whistleblower complaints are frivolous, mischievous or aimed at settling personal scores.

Securities / Derivatives

Industry Ranks Singapore Top APAC Market to Operate In

By Editors | 11/12/2022

In an ASIFMA survey, capital market participants ranked Singapore as the top market for its political environment and predictable and transparent regulatory policy.

Securities / Derivatives

RBI Tightens Rules on Loan Securitisations

By Editors | 10/12/2022

Local market participants say the move will reduce the volume of tradable securities available in the market, but improve the quality of securitisations.

Market Infrastructure

RBI Restores Pre-pandemic Market Hours for Certain Markets

By Editors | 09/12/2022

Commercial paper, certificates of deposit, corporate bond repo and rupee interest rate derivatives markets will be restored to 9am-5pm.