INDIA

    Capital / Liquidity

    RBI Relaxes Leverage Ratio to Boost Lending

    By Editors | 02/07/2019

    The RBI has reduced the leverage ratio from 4.5% at present to 4% for D-SIBs (domestic systemically important banks) and 3.5% for other banks.

    Market Infrastructure

    ESMA Recognises NSE IFSC Clearing Corp as Third Country CCP

    By Editors | 02/07/2019

    The recognition ensures European participants can apply lower risk to trade exposures to NSE IFSC Clearing Corporation and thus benefit from lower capital requirements.

    Securities / Derivatives

    SEBI Approves Tighter Norms for Mutual Funds

    By Editors | 01/07/2019

    At its latest board meeting, SEBI approved tighter norms for mutual funds and pledged shares, while also approving a new framework for shares with differential voting rights.

    Capital / Liquidity

    India’s Banks Are Becoming More Resilient: RBI

    By Editors | 01/07/2019

    The RBI says gross NPA ratios and loan provisioning are improving, but it warns that capital adequacy at some banks will fall below requirements without more government cash.

    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.

    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.

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