No Indian summer

Asia Risk FX Review & Outlook 2009 - Regulation


India's derivatives market is in the spotlight again, after currency movements left some small and medium-sized companies with mark-to-market (MtM) losses big enough to threaten them with bankruptcy. Around 15 of the worst-hit organisations have now filed lawsuits alleging mis-selling, in the hope that judges can be persuaded to declare the contracts void.

It is the first time that derivatives in India have reached the courtroom - and lawyers warn that the initial wave of cases is being monitored

To continue reading...

You need to sign in to use this feature. If you don’t have a 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: