Reining in India

India

p92-jpg

Bankers in Mumbai have been left shocked and bewildered by the release on December 12 of an unexpectedly austere set of draft derivatives rules by the Reserve Bank of India (RBI). The rules had been flagged in advance by the RBI as a set of "broad generic principles for undertaking derivative transactions". Instead, the regulator delivered a document that threatens to strangle some existing products - like swaptions and short-dated currency derivatives - while also closing the door on a rang

To continue reading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: