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Which institution introduced the Information Technology (IT) Resilience Index for Market Infrastructure Institutions (MIIs)?
Reserve Bank of India
NITI Aayog
Securities and Exchange Board of India
Ministry of Electronics and Information Technology
Securities and Exchange Board of India
The Securities and Exchange Board of India (SEBI) introduced the IT Resilience Index in August 2026 for Market Infrastructure Institutions.
To enhance the robustness of the Indian capital market's technology infrastructure, SEBI has implemented a new system-driven framework. This initiative focuses on improving operational health and cybersecurity standards across all Market Infrastructure Institutions (MIIs). By integrating this index alongside the Financial Stability Board's FIRE framework for cyber incident reporting, SEBI aims to ensure the continuity of critical market functions during technical disruptions. The mandate reflects the increasing global emphasis on digital resilience in financial systems.
Regulation launched: August 24, 2026
Institutions covered: Stock exchanges, depositories, and clearing corporations
Primary goal: Strengthening IT governance, disaster recovery, and data integrity
Regulatory alignment: Integrated with the Financial Stability Board's Format for Incident Reporting Exchange (FIRE) framework
C is correct тАФ The Securities and Exchange Board of India (SEBI) introduced the IT Resilience Index in August 2026 to ensure the operational stability of market infrastructure.
Relate this to the concept of 'Systemic Risk' in finance; just as banks have capital adequacy ratios for financial health, MIIs now have an IT Resilience Index for technological health.