INDIA

Market Infrastructure

SEBI Consults on Proposals to Allow Indian Firms to List Overseas

By Editors | 05/12/2018

An expert panel constituted by SEBI has issued recommendations that, if adopted, would enable Indian firms to list overseas and foreign companies to list directly in India.

Market Infrastructure

SEBI Issues Cybersecurity Framework for Brokers, Depository Participants

By Manesh Samtani | 04/12/2018

Stockbrokers and depository participants will have to formulate a comprehensive cyber security and cyber resilience policy document in accordance with the guidelines by April 2019.

Securities / Derivatives

RBI Announces Phasing-In of LEI for Non-Derivatives Markets

By Editors | 30/11/2018

Entities transacting in government securities, money markets and non-derivative forex markets will be required to have LEI codes, starting with larger firms in April 2019.

Capital / Liquidity

India Eases Asset Securitisation Norms to Help Non-Bank Liquidity

By Editors | 30/11/2018

The RBI has reduced the holding time required for loans with maturities of over 5 years before they can be securitised.

Capital / Liquidity

India to Implement NSFR from April 2020

By Editors | 30/11/2018

The Net Stable Funding Ratio will apply to Indian banks on both a stand-alone and consolidated basis, and foreign banks on a stand-alone basis.

Market Infrastructure

SEBI Issues Guidelines on Clearing Corporation Interoperability

By Editors | 28/11/2018

India’s clearing corporations will have to enter into agreements establishing links between each other, as well as links to each trading venue, to operationalise the framework by June 2019.

Securities / Derivatives

India’s Large Corporates Mandated to Issue Bonds for Financing

By Editors | 27/11/2018

SEBI’s new framework requires large corporates to raise at least 25% of their financing through debt securities issuances, to reduce reliance on bank funding and boost the bond market.

Capital / Liquidity

RBI Agrees to Ease Bank Capital, Lending Norms Following Board Meeting

By Garima Chitkara | 20/11/2018

The central bank also agreed to allow SMEs to restructure loans and extend the deadline for banks to comply with the capital conservation buffer by one year.

Fintech / Regtech

India’s Modi Launches Online Marketplace for Fintech Services

By Editors | 16/11/2018

India’s Prime Minister Narendra Modi on 14 November at Singapore Fintech Festival announced the launch of APIX, an online marketplace and sandbox for cross-border fintech services.