French court increases sentence of man convicted of raping Gisele Pelicot
A French court on Thursday rejected the appeal of a former construction worker found guilty last year of the aggravated rape of Gisele Pelicot, and in...
RBI seeks applications for a self-regulatory body for account aggregators. The SRO will oversee compliance, ensuring secure financial data-sharing. Eligible entities must apply by 15 June, with at least 25 members from financial providers and users.
India invites applications for self-regulatory body for account aggregators
India’s central bank, the Reserve Bank of India (RBI), has called for applications to recognize a self-regulatory organization (SRO) for account aggregators. These entities facilitate the secure exchange of financial data between institutions, playing a crucial role in the country’s evolving digital finance landscape.
The RBI will approve only one such body, and applications must be submitted by 15 June. Eligible applicants include entities regulated by financial sector authorities. The SRO must have at least 25 members each from financial information providers, such as banks, and financial information users, like brokerages.
The recognized organization will oversee compliance with the regulatory framework for account aggregators, ensuring transparency and security in financial data-sharing. By establishing this SRO, the RBI aims to enhance the efficiency and reliability of account aggregation services while safeguarding consumer interests.
This move aligns with India’s push towards a more structured and secure digital financial ecosystem, reinforcing trust in data-sharing mechanisms. As financial institutions prepare their applications, the formation of a self-regulatory body is expected to strengthen governance and foster innovation in India’s financial sector.
Video from the USGS (United States Geological Survey) showed on Friday (19 September) the Kilauea volcano in Hawaii erupting and spewing lava.
At least eight people have died and more than 90 others were injured following a catastrophic gas tanker explosion on a major highway in Mexico City’s Iztapalapa district on Wednesday, authorities confirmed.
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A French court on Thursday rejected the appeal of a former construction worker found guilty last year of the aggravated rape of Gisele Pelicot, and increased his prison sentence by a year to 10 years, his lawyer said.
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