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

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

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.