India

Clearing & Post-Trade

SEBI Amends Risk Management Framework for Equity Derivatives

By Editors | 19/12/2018

Initial margins must be collected before the next trading day (T+0), but CCPs may allow 2 days after the last margin collection before close-out of equity derivative positions.

Emerging Prudential Risks

Indian Government Could Undermine Banking Sector Reforms – S&P

By Editors | 18/12/2018

Restrictions on the RBI’s authority to reform governance of public sector banks are seen as a weakness in its mandate and could undermine financial stability, says S&P Global Ratings.

Credit Risk

SEBI Allows Mutual Funds to Segregate Distressed Assets in Portfolios

By Editors | 13/12/2018

At its latest board meeting, SEBI approved a plan to allow mutual funds to create segregated portfolios for assets experiencing credit events, among a number of other proposals.

Cybersecurity

RBI Fines Indian Bank for Violating Cybersecurity Norms

By Editors | 12/12/2018

The Reserve Bank of India has fined Indian Bank 10 million rupees for deficiencies in regulatory compliance with cybersecurity norms.

Capital Adequacy

RBI Governor Resigns Before Term-End, Citing ‘Personal Reasons’

By Garima Chitkara | 11/12/2018

Urjit Patel has resigned from his post as governor of the RBI, citing personal reasons, soon after a public dispute erupted between the central bank and the government.

Cybersecurity

SEBI Issues Cybersecurity Framework for Market Infrastructures

By Editors | 11/12/2018

Stock exchanges, clearing corporations and depositories have six months to put in place appropriate systems and processes for implementation of the new guidelines.

Liquidity Risk

RBI to Reduce Statutory Liquidity Ratio Over 18 Months

By Editors | 06/12/2018

Starting in January 2019, the RBI will reduce the SLR holding requirement by 25 basis points every quarter until it reaches 18% in April 2020.

Structural Regulation

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.

Cybersecurity

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.