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"There will be an increase in bond volumes as we head near the JP Morgan index inclusion in June," a source aware of the matter said. "There could be a need for authorities to see if it is necessary for foreign trade reporting time or trade time on the Clearing Corporation of India (CCIL) to be extended."
The European Securities and Markets Authority (ESMA) has reportedly proposed to the Reserve Bank of India (RBI) to continue their existing Memorandum of Understanding (MoU) on the treatment of clearing houses. This comes amid a standoff between the Indian central bank and European authorities over the latter's requirement of rights of audit and inspection of domestic clearing houses.
“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.
“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.
It's time to take in the sights and sounds of the Children's Art and Literacy Festival in downtown Abilene. The CALF kicks off with a costume contest and parade.