Stalemate between RBI, Euro mkt body over Clearing Corp regulation

A quick MoU between RBI and Esma is unlikely as Indian authorities reject extra-territorial regulation. European banks face higher capital requirements for CCIL transactions. RBI and the Indian government explore alternatives to maintain regulatory sovereignty.

Oct 16, 2024 - 08:30

Stalemate between RBI, Euro mkt body over Clearing Corp regulation

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A quick MoU between RBI and Esma is unlikely as Indian authorities reject extra-territorial regulation. European banks face higher capital requirements for CCIL transactions. RBI and the Indian government explore alternatives to maintain regulatory sovereignty.