India

    image

    AI Risk & Governance

    New York DFS Issues Rules Governing AI for Insurers

    By Nithya Subramanian | 15/07/2024

    The guidance ensures that implementation of AI in insurance does not perpetuate systemic biases that result in unfair discrimination, while providing market stability.

    image

    Credit Risk

    IFSCA Permits Synthetic Securitisation by Banks in GIFT City

    By Ajoy K Das | 12/07/2024

    IBUs will be allowed to participate in synthetic securitisation if its home regulator complies with Basel III framework.

    image

    Fraud, Scams & Cybercrime

    RBI Red Flags Bank Accounts Used for Fraud and Evergreening

    By Ajoy K Das | 12/07/2024

    Banks should rationalise accounts and enforce stringent control measures through proper reporting to the audit committee of the board, said Swaminathan.

    image

    Capital Adequacy

    RBI Permits Banks to Use Ratings by Brickwork Ratings India

    By Ajoy K Das | 12/07/2024

    SEBI had cancelled Brickwork’s registration as a CRA in 2022, but the central bank now has allowed banks to use its ratings for loans up to INR 2.5 billion.

    image

    Payments & Settlements

    RBI Further Opens GIFT City Banking to Indian Residents

    By Ajoy K Das | 12/07/2024

    The change is expected to contribute to developing GIFT City’s banking environment and boost business prospects for the financial hub.

    image

    Trading & Investment

    SEBI Committee Recommends Measures to Curb Derivatives Trading Volumes

    By Ajoy K Das | 11/07/2024

    The committee proposes increasing minimum lot sizes and limiting options to address rising speculative trading in derivatives.

    image

    Payments & Settlements

    Bangladesh Bank Issues Rules for Digital Payments Platform

    By Ajoy K Das | 11/07/2024

    The platform supports the use of virtual IDs to protect entities from crimes such as identity theft, extortion and fraud.

    image

    Trading & Investment

    SEBI Issues New Rules for Passively Managed Funds

    By Ajoy K Das | 10/07/2024

    SEBI is imposing a new cap for passive mutual fund schemes on investments in sponsor-affiliated companies.

    image

    Credit Risk

    Bangladesh Bank Introduces Exit Policy for Business Borrowers

    By Ajoy K Das | 09/07/2024

    Borrowers, including defaulters, can pay 10 per cent of the loan upfront and settle the balance in multiple instalments over three years.

    image

    Clearing & Post-Trade

    SEBI Proposes Collateral Norms for Clearing Corporations

    By Ajoy K Das | 05/07/2024

    SEBI said interest income derived from collateral posted should be periodically distributed to clearing members.

    JOIN OUR NEWSLETTER

    An exclusive weekly selection of top stories from the Regulation Asia editorial team.