Brief Overview:
After prolonged negotiations, stretching almost two years, the RBI and the European Securities and Markets Authority (ESMA) finally signed a memorandum of understanding (MoU) on cooperation and exchange of information for the recognition of central counterparties (CCPs) regulated and supervised by RBI.
Technical Details:
The MoU serves as an important milestone in reopening access for EU clearing members to Indian CCPs.
Takeaways:
This development marks a major reorientation in how India and the EU engage on financial‑market infrastructure.
For further details, please see:
https://www.rbi.org.in/Scripts/BS_PressReleaseDisplay.aspx?prid=62112
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