EU moves to tweak rules on foreign central counterparties amid tussle between RBI and European regulatorsET has seen a document dated February 13 that showed the General Secretariat of the Council of the European Union has sent two proposals to...
29 Feb, 2024, 12.56 AM IST
RBI in advanced talks with European Securities and Markets Authority"Conversations regarding MoUs (Memorandum of Understanding) are going on regularly with the ESMA. The others (other global regulators) have...
06 Sep, 2023, 12.25 AM IST
UK grants equivalence to RBI authorised clearing houses"This is because the RBI requires CCPs it designates as an FMI to comply with the PFMIs (Principles on Financial Market Infrastructures). A...
23 Jun, 2023, 05.54 AM IST
Finance lobbies call on India and EU to cut a deal amid RBI-ESMA rift over clearing housesThe standoff between Indian authorities and ESMA stems from the Reserve bank of India's refusal to accept ESMA's demand to inspect, and eve...
10 Feb, 2023, 06.24 AM IST
Japanese banks get go-ahead to settle all trades via CCILThis could put pressure on European Securities and Markets Authority (ESMA) which has derecognised CCIL. The standoff between RBI and Europ...
19 Jan, 2023, 07.04 AM IST
Indian banks fear fallout of ESMA rift on markets, plan to move RBISeveral banks, along with industry bodies representing money and currency market dealers, met on Wednesday to discuss the probable fallout ...
09 Dec, 2022, 12.51 AM IST
India, EU standoff over clearing houses to affect BNP to HSBCThe potential damage stems from the European Securities and Markets Authority’s move to withdraw recognition -- effective May 2023 -- to si...
18 Nov, 2022, 01.43 PM IST
RBI puts onus on EU banks to resolve stalemate with ESMAThis was conveyed at a meeting between senior officials of the MNC banks and RBI deputy governor T. Rabi Sankar on November 11, multiple so...
17 Nov, 2022, 04.48 AM IST
RBI, CCIL urge Japan to drop inspection clauseThe Reserve Bank of India (RBI) and Clearing Corporation of India (CCIL), which settles large volumes of trades on bonds, derivatives and f...
09 Nov, 2022, 12.21 AM IST
Sebi wants say in inspections; RBI yet to relentEfforts are on to find a middle ground in the negotiations with the European Securities and Markets Authority (ESMA) which has derecognised...
07 Nov, 2022, 06.07 AM IST
EU financial regulators disqualify 6 Indian counterpartiesAccording to a communique by The European Securities and Markets Authority (ESMA) dated October 31, 2022, no "cooperation arrangements" (co...
04 Nov, 2022, 06.13 AM IST
European regulators disqualify key Indian institutionsAccording to banking circles, the decision to disqualify Indian market counterparty institutions stems from the stand-off between Indian an...
03 Nov, 2022, 02.44 PM IST
WFE criticises bans on short selling in securities marketsBanning short selling interferes with price formation, thereby increasing uncertainty, says WFE. .
30 Mar, 2020, 09.49 PM IST
RBI lays down norms for CCPsThe framework aims at ensuring that these entities function in an efficient and effective manner.
15 Oct, 2018, 10.56 PM IST
Banks' exposure to qualifying clearing house outside 15% normBanks' exposure to a qualifying clearing house would be kept outside the limit of 15 per cent of their capital funds applicable to a single...
07 Jan, 2014, 08.04 PM IST
India’s clearing and settlement model hinders competition: Hirander MisraIndia should follow the European model of trade clearing and settlement, says Hirander Misra, a British-born trading expert.
31 May, 2013, 02.40 PM IST
- RBI floats draft norms on capital needs for counterparty risk
In order to enhance risk management system of banks, RBI has proposed tweaking norms for capital adequacy with regard to their exposure in ...
10 Jan, 2013, 09.14 PM IST