India

Market Infrastructure

SEBI Seeks to Establish Clearinghouse Interoperability

By Editors | 24/12/2017

Connectivity between clearing corporations may help reduce clearing and compliance costs, boost capital allocation efficiency and enhance obligation nettings benefits.

Crypto / Digital Assets

India’s Highest Court Considering Petition Calling for Bitcoin Regulation

By Garima Chitkara | 16/11/2017

Petitioner says central bank, securities regulator refusing to take responsibility for bitcoin regulation by not defining as currency or commodity

Capital / Liquidity

India to Require Biggest Corporate Borrowers to Use LEIs

By Editors | 06/11/2017

Corporate borrowers which do not satisfy LEI requirement will not be allowed any more credit amid continued efforts to clean up bad debt.

AML / KYC

RBI Confirms ID-Bank Account Link Compulsory, to Create Public Credit Registry

By Editors | 25/10/2017

Central bank says Aadhar cards must be linked to bank account; proposed credit registry to be open to ‘all stakeholders’.

AML / KYC

India to Allow Currency Hedging by Non-resident Companies

By Samuel Riding | 19/10/2017

RBI (the Reserve Bank of India) will allow central treasuries used by non-resident companies to hedge their rupee currency risk from trade transactions.

Enforcement

India Releases Draft Rules for Electronic Trading Platforms

By Editors | 16/10/2017

Move comes as National Stock Exchange bids to end case of alleged unfair access via its co-location facility by offering to pay fine.

Capital / Liquidity

India Insolvency Information Utility Granted 5-year License

By Editors | 02/10/2017

Bank-owned NESL wins license to operate utility which shares information on financial contracts as part of efforts to clean up bad loans.

Capital / Liquidity

India Interprets P2P Lenders as Non-bank Finance Companies

By Editors | 21/09/2017

Official central bank report issued last year had suggested P2P lending platforms meet $311,000 minimum capital and leverage ratio requirements.

Securities / Derivatives

India to Boost Securities Lending to Support Derivatives Market Development

By Editors | 18/09/2017

SEBI consults on lending and borrowing in cash derivatives segment, asks whether physical settlement should be made compulsory.