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India
Enforcement
RBI Removes Business Restrictions on Two Edelweiss Group Firms
By Editors | 22/12/2024
The RBI is satisfied that adequate remedial measures have been put in place at the two entities to address its earlier supervisory concerns.
Securities / Derivatives
SEBI Tightens Norms on Issuance of ODIs by FPIs
By Editors | 18/12/2024
New requirements on the issuance and use of offshore derivative instruments by FPIs are being introduced to prevent regulatory arbitrage.
Crypto / Digital Assets
Ripple Launches USD Stablecoin on Global Crypto Exchanges
By Editors | 18/12/2024
RLUSD is backed by USD deposits, US treasuries and cash equivalents. Third-party attestations of the reserve assets will be published monthly.
Sanctions
Russia’s Rosneft, India’s Reliance Agree $13b Crude Oil Deal
By Editors | 16/12/2024
The EU has been separately calling on Indian authorities to stop the illicit flow of Common High Priority Items to Russia.
Market Infrastructure
SEBI Revises Market Infrastructure Guidelines on Capacity Planning
By Editors | 13/12/2024
The revised guidelines set out SEBI’s expectations on capacity planning and real-time performance monitoring of IT systems.
Securities / Derivatives
SEBI to Expand T+0 Settlement to More Stocks, Brokers
By Editors | 13/12/2024
T+0 settlement will be available to more stocks starting from 31 January 2025. All stock brokers will be allowed to participate.
Fintech / Regtech
RBI to Form Dedicated Committee to Develop Framework for AI
By Editors | 11/12/2024
The committee of experts shall recommend a “robust, comprehensive, and adaptable AI framework” for the financial sector, the RBI said.
Securities / Derivatives
SEBI Issues Updated Investor Charter to Enhance Protections
By Editors | 10/12/2024
The updated charter emphasises the confidentiality of investor information and strengthens the grievance redressal and dispute resolution mechanisms.
Securities / Derivatives
RBI to Launch a New Interest Rate Benchmark Called SORR
By Manesh Samtani | 10/12/2024
The Secured Overnight Rupee Rate will be based on market repo and tri party repo transactions, which account for 98% of overnight money market transactions.
India Surprises Market With New RBI Governor Appointment
By Editors | 10/12/2024
Sanjay Malhotra, Revenue Secretary in the Ministry of Finance, was appointed as RBI governor for a three-year term.
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