Mumbai : Four European banks are confident their national regulators will allow them to continue trading ahead of the deadline to stop transacting with India’s sovereign bond clearing house, while recent communications between domestic and Paris-based authorities have sparked hope of a resolution to a protracted regulatory standoff. Earlier this month, senior executives from Deutsche … Read more
Mumbai: Four foreign banks which face a hurdle in trading domestic government bonds and derivatives due to a European regulator’s derecognition of an Indian clearing house are likely to approach their home regulators for an extension of the deadline to transact with the local clearing body, said people with knowledge of the matter. They said … Read more
Mumbai: The European Securities and Markets Authority (ESMA) may approach its board to seek ways to resolve a regulatory stalemate with the Reserve Bank of India (RBI) which poses roadblocks to billions of dollars of bond and derivatives trade by European banks in India, said people familiar with the matter. The developments come at a … Read more
