Sebi member warns against 'race to the bottom' among MIIs at BS BFSI Summit

Quick Summary:

This might result in inadequate investment in essential areas such as cybersecurity, technology upgrades, and operational resilience, thereby compromising their role in upholding market integrity.

Market infrastructure institutions, or MIIs, are entities that provide the infrastructure enabling trading, settlement, and record-keeping in the securities market.

The Sebi member highlighted certain risks inherent in the MIIs' business model, where they act both as market operators and as regulators of their own clients, including corporates, trading members, and depository participants.

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Article Details

Category: BusinessFinance

Markets: India

Topics: Market integrity Sebi Cybersecurity Clearing corporations Governance frameworks Regulatory compliance Ananth Narayan Gopalakrishnan Capital markets Public interest IT supervisors Business Standard BFSI Insight Summit MIIs Transparency Investor protection Market infrastructure institutions Operational resilience Securities and Exchange Board of India

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-07 @ 11:03:00 (7 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 667 words

Reading Time: 4 minutes read

Sentences: 27 lines

Sentence Length: 25 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 23457335

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