Topic
financial regulation
Finance RBI Deputy Governor Rohit Jain Calls for Wider Bond Market Access to Meet India's 2047 Goals
RBI Deputy Governor Rohit Jain said bond markets need more depth, not just scale, so that a wider range of enterprises can access market-based finance. Speaking at the Financial Institutions Leadership Conference, he emphasised that India's goal to become a developed economy by 2047 requires financial markets to mobilise substantially more long-term capital and distribute risk efficiently.
E-Commerce & Marketplaces BNPL Rules Bring Refunds and Rejections as FCA Regulation Takes Effect
New Financial Conduct Authority rules effective from Wednesday require Buy Now Pay Later lenders to be authorised, giving shoppers stronger refund rights and access to the Financial Ombudsman Service. However, instant affordability checks on each transaction may reject 10% to 30% of users, according to Fair4All Finance, raising concerns about pushing consumers toward unregulated alternatives.
Finance RBI Tells Parliamentary Panel Cryptocurrency Difficult to Regulate, Opposes Legalisation
The Reserve Bank of India informed a Parliamentary panel that cryptocurrency is difficult to regulate and poses risks including financing of drug trade and terrorism. The central bank firmly opposes legalisation, while the Institute of Chartered Accountants of India advocates for a comprehensive regulatory framework to harness strategic opportunities.
Technology AI Is Changing Financial Regulation as Watchdogs Build Tools to Fight Cyber Threats
Financial regulators are racing to adopt artificial intelligence to counter rapidly evolving cyber threats. Marlene Amstad, president of FINMA, says regulators must embrace new technologies and have helped establish an IOSCO forum covering 95% of global markets. A hackathon this week developed AI tools for crypto supervision, while concerns over AI models like Anthropic's Mythos have led to US export restrictions.
Finance RBI Keeps Rs 1 Lakh Crore NBFC Threshold, Tata Sons Remains in Upper Layer
The Reserve Bank of India has rejected industry calls to raise the asset threshold for upper-layer NBFCs from Rs 1 lakh crore to Rs 2.5 lakh crore, keeping Tata Sons within the regulatory bracket. The decision subjects the conglomerate's holding company to listing requirements, with its board divided on an IPO. The RBI also reduced the review cycle for the threshold from five to three years.
Finance Government Launches Portal for Unclaimed Financial Assets
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