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EU banks in India cut contingency costs after clearing deal

Esma MoU with two Indian regulators lifts threat to direct clearing for BNP, SocGen and Deutsche

エスマとセビの本社のモンタージュ
左から右へ:エスマとセビの本部
Esma/Getty/Risk.net montage

Agreements signed by regulators in the European Union and India have eased the risk of EU clearing members being obliged to quit Indian clearing houses, allowing the affected banks to cut contingency planning costs.

Until the European Securities and Markets Authority (Esma) signed memorandums of understanding (MoUs) with the Reserve Bank of India (RBI) in January this year and the Securities and

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