India joins global move to tighten CCP capital standards

Putting CCP capital on the front line is a prerequisite for the EU granting clearing equivalence

Blurred lines: MSEI in Mumbai says it has 1.5bn rupees behind its clearing house, but Sebi disagrees

India's securities regulator is set to clarify the type of resources a central clearing counterparty (CCP) can use to meet minimum regulatory requirements, in order to bring rules more in line with international standards.

The EU has not yet recognised India's clearing framework as equivalent to its own, although European banks in the market hope a decision will be taken shortly. Having a clear waterfall structure, where the CCP's own capital is put at risk before members' funds, is a

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here:

You are currently unable to copy this content. Please contact [email protected] to find out more.

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 individual account here: