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Capital / Liquidity
RBI Asks Banks to Boost Monitoring of End Use of Loan Funds
By Editors | 20/03/2019
Following a string of penalties against banks last month, the RBI has asked banks to improve their monitoring of the origin and end use of loan funds.
Market Infrastructure
UPDATED – Bank of England Grants Recognition to Indian Clearing Corporations
By Editors | 20/03/2019
The Metropolitan Clearing Corporation of India is the first Indian clearing corporation to receive recognition from under the UK’s temporary recognition regime.
Market Infrastructure
NSE-SGX Final Arbitration Decision Deferred to December 2020
By Editors | 20/03/2019
The deferment means Singapore Exchange will be able to continue offering SGX Nifty products until a long term solution is agreed.
Capital / Liquidity
RBI Releases Latest List of Indian D-SIBs
By Editors | 18/03/2019
SBI, ICICI Bank and HDFC Bank will remain India’s D-SIBs this year. The additional CET1 capital they need to hold will rise in April.
Enforcement
RBI Issues Finalised Guidelines on Market Abuse
By Editors | 18/03/2019
The new rules against market abuse cover market and benchmark manipulation and the misuse of information in markets regulated by the RBI.
Securities / Derivatives
India Scraps FPI Investment Cap for Corporate Bonds
By Editors | 13/03/2019
In response to market feedback, SEBI has dropped the 20% cap on foreign portfolio investors’ investment in corporate bonds.
AML / KYC
SEBI’s Meets Opposition from Global Funds on KYC Requirements
By Editors | 12/03/2019
Global asset managers have opposed SEBI’s plan to create a centralised database of beneficial owners of foreign portfolio investors.
Enforcement
SWIFT Related Fines Imposed by RBI Total $10mn Across 36 Banks
By Editors | 11/03/2019
The number of banks fined by the RBI for failing to integrate their core banking systems with SWIFT has now risen to 36, with fines totaling $10.16mn.
Capital / Liquidity
India to Raise Capital Rules for Housing Finance Companies
By Editors | 07/03/2019
India’s mortgage regulator is proposing to increase capital adequacy requirements for housing finance companies from 12% to 15% by March 2022.
Enforcement
UPDATED – RBI Fines Multiple Banks for SWIFT Integration Non-Compliance
By Editors | 05/03/2019
The penalties follow directions issued by the RBI in February 2018 requiring banks to link their core banking systems with the SWIFT network.
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