From Lehman to rupee crashes: India’s CCP chief on market stress
Risk chief sets about bolstering CCIL’s risk modelling, lookback periods, and portfolio compression
In August 2013, India was on the brink of a financial crisis. The rupee had plunged to a record low against the dollar and stocks were plummeting amid growing worries over the health of the country’s economy.
While a broader emerging markets sell-off caused by the US Federal Reserve’s decision to scale back the pace of its monetary stimulus programme was partly to blame, India’s financial markets
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