Following the decision of European regulators to de-recognise the Clearing Corporation of India, Reserve Bank of India officials and executives of some foreign banks are said to have discussed the prospects of lenders seeking to establish alternative clearing mechanisms, according to sources.
Several European banks with a presence in India have been making representations to offshore regulators - the European Securities and Markets Authority (ESMA) and the Bank of England (BOE) for the resolution of the matter, which has the potential to severely hamper trading operations, sources said.
Bu hikaye Business Standard dergisinin November 29, 2022 sayısından alınmıştır.
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Bu hikaye Business Standard dergisinin November 29, 2022 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
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