What happened: SEBI launched ITRI for market infrastructure IT systems
SEBI introduced an Information Technology Resilience Index (ITRI) for market infrastructure institutions such as stock exchanges and depositories. The ITRI is meant to evaluate how resilient these institutions’ information technology (IT) systems are, using nine parameters.
SEBI also directed market infrastructure institutions to set up an Early Warning System (EWS). The EWS is intended to detect a deterioration in ITRI parameters that may lead to IT performance problems, slow systems, or other disruptions. After detection, the institutions are expected to respond with appropriate remedial actions.
ITRI: the nine parameters for measuring IT resilience
SEBI’s ITRI uses nine parameters to judge IT system resilience. The parameters named in the SEBI direction are: availability, security, integrity, governance, reliability and monitoring, business continuity, modularity and flexibility, scalability, and other relevant factors.
Background and earlier position: why IT resilience matters in market infrastructure
Related current affairs
- SEBI fines two firms ₹3.7 crore for CAS manipulation
- CAS will help detect market manipulators, asserts SEBI chief Tuhin Kanta Pandey
- SEBI pulls up Dhenu Buildcon over round-tripping charges
- CAS here to stay, but open to review for improvement: SEBI (Tuhin Kanta Pandey)
- Big brokerages to show post-CAS indicative close by August 14
- SBI closes employee offer/other corporate brief (unreadable)