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The European markets regulator in October 2022 de-recognised six domestic clearing houses, creating hurdles for trading and management of billions of dollars' worth of international flows for the continent's banks operating in India.
Other Asian regulators may also have concerns about extraterritorial reach of Emir 2.2
Exclusive for Subscribers from Monday to Friday: The Indian Express UPSC Key May 4, 2023, will help you prepare for the Civil Services and other competitive examinations with cues on how to read and understand content from the most authoritative news source in India.
The move takes total recognised Third Country (TC) CCPs to 39; comes as watchdog withdraws recognition of six Indian CCPs.
The India of today is vastly different from what it was earlier and regulators of other countries should trust the credibility of Indian regulations, Reserve Bank of India (RBI) Governor Shaktikanta Das said on Wednesday.He also hoped for an ...