The International Organization of Securities Commissions and the Bank for International Settlements annually evaluate the implementation status of the international Principles for Financial Market Infrastructure in various countries, and assign rating that are considered a global standard for the financial sector.
In the assessment for 2015, which took into account regulations for central counter-parties, trade repositories, payment systems, central securities depositories and securities settlement systems, India is one of the few countries that has received the highest score of 4 (on a scale of one to four) for all eight parameters, reports Live Mint.
The Rating Level 4 for India means that both the financial market regulators – India’s central bank also known as the Reserve Bank of India, and the capital market watchdog also known as the Securities and Exchange Board of India – have all regulatory measures ‘fully in force’, and they also ‘have a legal capacity to implement the responsibilities’ outlined under these global standards.
Last updated: December 26th, 2025
