India's markets regulator, SEBI, will introduce an IT Resilience Index (ITRI) to evaluate the technology systems of institutions (MIIs) like stock exchanges. This move aims to strengthen the stability and security of the financial markets, ensuring smoother operations and protecting investors.
IT Resilience Index (ITRI)
Index Type
⏳ Time Machine
How today’s news fits into the bigger picture
2014
JP Morgan Cyberattack
JPMorgan Chase experienced a significant data breach, exposing customer data and highlighting the vulnerability of major financial institutions to cyber threats globally.
2021
NSE Technical Glitches
India's National Stock Exchange (NSE) faced multiple technical glitches, causing trading halts and underscoring the need for robust IT systems in critical .
2023
US SEC Cybersecurity Rules
The US SEC issued new rules for public companies, mandating disclosure of material cybersecurity incidents and regular updates on risk management, setting a global precedent for regulatory focus on cyber resilience.
2025
EU DORA Act Effective
The European Union's Digital Act (DORA) became effective, aiming to harmonize digital operational resilience requirements for financial entities across member states, indicating a global move towards unified cyber regulation.
Today
SEBI announced it will introduce an IT Resilience Index (ITRI) for Market Infrastructure Institutions (MIIs).
What happens next?
SEBI will finalize the framework for ITRI, and MIIs will need to comply with new assessment criteria and report their resilience scores regularly in the coming months.
The Securities and Exchange Board of India (SEBI) has announced plans to implement an IT Resilience Index (ITRI) for all Market Infrastructure Institutions (MIIs), which include stock exchanges, clearing corporations, and depositories. This index will serve as a crucial tool to assess and benchmark the robustness and resilience of the information technology systems underpinning India's capital markets. The initiative is designed to minimize the risk of technical glitches, cyberattacks, and system failures that could disrupt trading and settlement processes. By evaluating various aspects of IT infrastructure, cybersecurity measures, and disaster recovery protocols, SEBI aims to ensure that these critical institutions can maintain continuous operations and swiftly recover from any unforeseen events, thereby safeguarding investor interests and market integrity.
💭 If you're wondering…
MIIs are critical entities that provide essential services for the functioning of capital markets, including stock exchanges (for trading), clearing corporations (for settlement), and depositories (for holding securities).
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