SEBI ITRI a global test for India future-ready financial architecture | Explained

The story so far: Market regulator Securities and Exchange Board of India (SEBI) has introduced a technology health scorecard for market infrastructure institutions (MIIs) to measure the robustness of their critical IT systems rather than merely checking routine compliance. SEBI’s IT Resilience Index (ITRI) appears to be among the first attempts globally by a regulator to design a quantitative resilience barometer, as measurable as capital adequacy for banks, for MIIs such as stock exchanges, clearing corporations and depositories. Why SEBI is introducing the IT Risk Index (ITRI) for capital markets? The move to assess MII vulnerabilities comes in view…