INDIA

    Market Infrastructure

    Indian Exchanges Seek CFTC Approval for GIFT City Derivatives

    By Garima Chitkara | 04/05/2018

    NSE and BSE are looking to sell derivatives traded at GIFT City exchanges to American investors; aimed at countering competition with SGX, which is launching its own Indian equity derivatives offering in June.

    Securities / Derivatives

    India Lifts Ban on Foreign Investments in T-bills

    By Garima Chitkara | 04/05/2018

    Central bank lifts three year residual maturity limits on foreign portfolio investment in government debt and consequently allows foreign investment into T-bills.

    Market Infrastructure

    SEBI Extends Deadline for Monitoring Foreign Investment Limits

    By Editors | 02/05/2018

    Extension to give listed companies more time to provide data to depositories on foreign investment; data to enable daily calculation of foreign investment in listed companies.

    Market Infrastructure

    India Puts Funds Passporting On Hold

    By Garima Chitkara | 30/04/2018

    Local press reports say SEBI is concerned about excessive foreign money into the country’s nascent mutual funds industry making it susceptible to fund volatility.

    Securities / Derivatives

    Indian Exchanges Enable Retail Investment in Gov’t Securities

    By Editors | 27/04/2018

    BSE and NSE have launched online platforms for retail investors to participate in weekly RBI auctions for government securities and treasury bills.

    Australia, HK Suffer Lack of Trust in Financial Services – Report

    By Manesh Samtani | 27/04/2018

    CFA Institute survey finds as little as 31% of investors in Australia and 35% in Hong Kong trust the financial services industry.

    Securities / Derivatives

    SEBI Proposes Biometric Authentication for Mobile App Stock Trading

    By Garima Chitkara | 26/04/2018

    Indian securities regulator is consulting the industry on potential guidelines for finger print and iris-scan authentication for stock trading through mobile apps, in a bid to protect the capital markets against cyberattacks.

    Capital / Liquidity

    Asia to Miss Key 2018, 2019 Basel III Deadlines – BIS report

    By Garima Chitkara | 26/04/2018

    Most Asian jurisdictions are behind on implementing counterparty credit risk measures, capital for CCP exposures as well as TLAC, IRRBB and LEX requirements.

    AML / KYC

    RBI Updates KYC Guidance to Include Aadhar, Taxpayer Numbers

    By Editors | 25/04/2018

    Accounts opened without new documentary requirements will have severe restrictions in place including a INR50,000 maximum balance and monitoring to prevent foreign transactions.

    Capital / Liquidity

    RBI Urges Lenders to Monitor Borrowers for Early Signs of Stress

    By Editors | 24/04/2018

    Central bank deputy governor says banks see non-payment as “on par” despite loan resolution framework; poor credit culture must change.

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