Reserve Bank of India (RBI)
EU banks ‘will play for time’ in stand-off over India’s CCPs
Lawyers say banks are unlikely to set up subsidiaries and will instead pin hopes on revised Emir fix
Esma still waiting for Indian response to proposed CCP deal
EU regulators deny responsibility for dispute; will not initially enforce clearing ban
EU takes steps to avoid India clearing house lockout
Other Asian regulators may also have concerns about extraterritorial reach of Emir 2.2
FSB: third of climate stress tests not tackling physical risk
Six jurisdictions conducted exercises only for transition risk
India onshore/offshore NDF markets tipped to converge
Local banks will increasingly take advantage of price differentials and close gaps, say market participants
India’s bespoke Basel rules leave foreign banks feeling exposed
End of non-cleared derivatives exemption leaves local branches scrambling for capital
Isda poised to issue India netting opinion
Dealers say ability to apply close-out netting for capital calculations will boost derivatives market
India preps margin regime as parliament debates netting law
Lawmakers thrash out bill on close-out netting; margin rules likely to follow in H1
India exchange to debut rupee derivatives settled in US dollar
Launch of onshore futures and options unlikely to dent offshore volumes, though
Derivatives close-out netting nears approval in India
Legislation expected early next year will clarify that local banks can use technique, say lawyers
Asia warned of LEI crunch over Mifid II deadline
Tens of thousands more Asian LEIs needed to avoid European trading lock-out in January
Indian CCP equivalence push hits data protection roadblock
CFTC demands India’s clearing house hand over information on trades involving US persons
People: CME hires new energy head for Asia-Pacific
Plus: Commonwealth Bank's new commods hire; SocGen's Ricke moves to UK; Icap's Apac appointment
Death knell sounds for India's P-note trade
End to offshore tax exemption would hit equity-based offshore trading product
India proposes tough uncleared swap margin rules
RBI underscores India's status as a non-netting jurisdiction
India’s public sector banks warming to CSAs
Bankruptcy law reform could prompt a shift in attitude at State Bank of India
People: Nomura names new group chief operating officer
Citi loses forex algo director; BNPP’s metals head relocates to Singapore; new appointment at Malaysia central bank
Indian rate options underlyings insufficient, say traders
Lack of long-term reference points could hold back proposed market
People: New Asia-Pacific legal head for CME
Nikko Asset Management's new risk chief; Credit Suisse hires in Asia; Listorti leaves ANZ
Bond fears prompt RBI caution on liquidity ratio reform
Moving away quickly from a dual liquidity regime could be "self defeating", says regulator
Uneven progress towards close-out netting in Asia – Isda comment
Critical risk management instrument still not available in certain jurisdictions
India to relax rules preventing corporates selling options
New guidelines expected for corporates that want to write options
India regulator mulls launch of offshore rupee market
RBI explores possibility of capital convertibility through offshore INR trading
Banks in India face CVA fees double European levels
The RBI's use of a conservative standard CVA approach is overly prudent, say dealers