European banks

EU Banks: EU banks expect India bond trades to go on

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EU Banks: EU banks expect India bond trades to go on

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

RBI: ESMA likely to seek board help to resolve stalemate with RBI

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RBI: ESMA likely to seek board help to resolve stalemate with RBI

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