RBI and ESMA Sign MoU for Recognition of Central Counterparties
The Reserve Bank of India (RBI) has signed a Memorandum of Understanding (MoU) with the European Securities and Markets Authority (ESMA), approved by the Union Cabinet, with the objective of formalizing the recognition of the Clearing Corporation of India Ltd. and other RBI-regulated Central Counterparties by ESMA. The agreement, finalized during the visit of high-profile European dignitaries to India, underscores efforts to enhance regulatory cooperation and information sharing between the two authorities regarding the compliance and recognition of Central Counterparties.
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