Esma still waiting for Indian response to proposed CCP deal

EU regulators deny responsibility for dispute; will not initially enforce clearing ban

Esma headquarters, Paris
Esma's headquarters
Photo: Esma

A senior European Union supervisor says the EU is not to blame for a logjam in negotiations with Indian regulators over a new framework for recognition of Indian clearing houses.

In a sign the dispute is unlikely to be resolved imminently, has learned that the European Securities and Markets Authority (Esma) sent a proposal to Indian regulators in December 2022 outlining a revised deal on monitoring Indian central counterparties (CCPs), but has yet to receive a response.

The two sides

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