Sebi Revamps Trading Safety Net Rules

Mumbai: The Securities and Exchange Board of India (Sebi) on Wednesday asked depositories to set up a core settlement guarantee fund that would act as a safety net in case of a default as the regulator tries to strengthen risk management framework in the country's capital markets. Concerns about trading risks in India have gained traction in recent months after a slew of glitches including last month's three hour-network outage ...