RBI deputy governor maps out the future of OTC derivatives in India

p23-stockexchangeindia-jpg
National Stock Exchange of India

The deputy governor of the Reserve Bank of India, Subir Gokarn, has outlined new initiatives for over-the-counter derivatives in India, including the development of trade compression services and the establishment of a credit default swap (CDS) market.

Gokarn says the development of OTC – and exchange-traded derivatives – was an important part of India's overall financial sector strategic development and should be used to contribute to economic growth. He made the comments during a speech at the