SEBI’s first quantitative scorecard to assess IT resilience of Market Infrastructure Institutions (MIIs), covering cybersecurity, availability, reliability, business continuity and scalability, with real-time early-warning monitoring to ensure capital-market systems can withstand shocks and recover rapidly.
News: SEBI introduced the IT Resilience Index (ITRI) to quantitatively assess the digital resilience of Market Infrastructure Institutions (MIIs).
About
- First-of-its-kind quantitative regulatory scorecard for IT resilience in capital markets.
- Measures technical robustness + cybersecurity + fault tolerance + disaster recovery.
- Ensure trading, clearing, settlement + depository systems can withstand cyberattacks + software failures + operational shocks + transaction surges.
- Approach: Static compliance → measurable, objective + risk-based assessment.
- 9 parameters: Weighted according to systemic criticality.
- Availability → 20%
- Cybersecurity → 20%
- Business Continuity → 10%
- Reliability → 10%
- Scalability → 5%
- Early Warning System (EWS): Real-time monitoring → detects performance degradation + latency spikes + hardware stress before outages.
- Resilience-first: Focuses on a system’s ability to absorb shocks + recover rapidly, rather than assuming zero failures.
- Future-ready: Linked with AI/ML + SupTech/RegTech + quantum-safe cryptography.