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RBI tweaks rules to cut risk banks face in exposure to capital markets

: The RBI on Friday tweaked rules to reduce the risk faced by banks in their exposure to capital market in the case of issue of Irrevocable Payment Commitments (IPCs).The RBI issued a circular stating that "only those custodian banks will be ...
Irrevocable Payment Commitments Capital Market Exposure Mutual Funds Foreign Portfolio Investors Standard Time Master Circular

RBI sends fresh draft to ESMA on CCIL oversight, said to hold firm

“The RBI sent a draft to the ESMA in the first week of July, there are some dilutions in the language, but they have not made any relaxations on the sticking point, which is the right to audit, inspect and potentially levy fines on the CCIL,” a source aware of the development said.
T Rabi Sankar Clearing Corporation Of India Reserve Bank European Securities Markets Authority Clearing Corporation

RBI sends fresh draft to ESMA on CCIL oversight, said to hold firm

“The RBI sent a draft to the ESMA in the first week of July, there are some dilutions in the language, but they have not made any relaxations on the sticking point, which is the right to audit, inspect and potentially levy fines on the CCIL,” a source aware of the development said.
T Rabi Sankar Clearing Corporation Of India Reserve Bank European Securities Markets Authority Clearing Corporation

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