India minister urges market regulator to boost global consultations, tackle cyber risks

MUMBAI: India’s market regulator should increase consultations with global regulators and capitalise on artificial intelligence to manage cyber risks, Finance Minister Nirmala Sitharaman said on Saturday.

“The more (Securities and Exchange Board of India) frameworks are understood abroad, the greater the confidence of global capital in Indian markets,” Sitharaman said at a SEBI event in Mumbai.

India’s markets regulator proposes to tighten variable net worth norms for brokers

The collaboration increases the importance the regulator carries in global rule-making, she said. The minister also pressed for the regulator to help simplify know-your-customer rules across different financial instruments.