Tag: Risk Management

Building a culture of compliance

Through tightened requirements around risk management, internal financial controls and compliance related disclosures, Companies Act, 2013 has brought significant rigour for laying the foundation for a culture of compliance in companies in India. This has imposed specific responsibilities on the board of directors and CEO/CFOs and has laid down provisions for penalties and prosecutions for …

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January 12, 2018

Dubai hosts forum on risk management

A two-day forum on risk management has kicked off in Dubai in collaboration with the US Risk Management Society. Titled “RIMS Risk Forum Middle East”, the event began on Monday and is organised by the General Directorate of Residency and Foreigners Affairs (GDRFA). Addressing the forum’s inaugural session, Major-General Mohammad Ahmad Al Merri, General Director …

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December 12, 2017

Sebi renews licence of BSE’s clearing corporation for 3 yrs

Indian Clearing Corporation Ltd (ICCL), an arm of BSE, has been granted renewal of recognition by markets regulator Sebi for a period of three years. The three-year licence to ICCL is valid from October 3, this year till October 2020. ICCL carries out the functions of clearing, settlement, collateral management and risk management for various segments …

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September 21, 2017

Risk management: RBI asks banks to frame policy on CRO

The Reserve Bank has asked banks to lay down a policy defining responsibilites and fixed tenure of the chief risk officer as it seeks to bring uniformity in risk management system of lenders. As part of effective risk management, banks are required to have a system of separation of credit risk management function from the …

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April 28, 2017

Stock exchanges in IFSCs may permit trading in equity derivatives: SEBI

The Securities and Exchange Board of India (Sebi) on Thursday said stock exchanges operating in international financial services centres (IFSCs) may allow dealing in equity derivatives. "Based on the recommendations of the Risk Management Review Committee of SEBI, it has been decided to specify derivatives on equity shares of a company incorporated in India as …

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April 13, 2017