RBI reform plan for derivatives: Central bank proposes new norms...

Dununu.com Dununu

Sponsored

RBI reform plan for derivatives: Central bank proposes new norms for novation of OTC derivative contracts, draft guidelines seek to streamline market operations

RSS Feed Business

Posted

61

Reserve Bank of India plans to regulate over-the-counter derivative contracts. Draft directions are released for novation. Novation involves replacing a market maker with a third party. This requires consent from the remaining counterparty. Standard agreements will be developed by FIMMDA and FEDAI. The goal is to streamline regulatory requirements. The current framework is from a 2013 circular.

Read Full Article

Please log in to like, share and comment!

Amarnath convoy vehicle hits divider in Udhampur, driver hurt

By 0 21

Sameer reveals how they met Rahman in a jungle at 3 am

Many music directors, lyricists, and singers have spoken about A.R. Rahman’s habit of...

By 0 25

Anushka Shetty on first love amid dating rumours with Prabhas

Anushka Shetty is preparing for her return to the screen with the film Ghaati. Her personal life...

By 0 41

When Aamir-Kiran broke their silence on their divorce

Aamir Khan and Kiran Rao publicly discussed their divorce, emphasizing their enduring friendship,...

By 0 58

‘Conspiracy’: Biden's doctor refuses to answer any question on ex-president's health; pleads Fifth Amendment

Kevin O'Connor, ex-White House doctor, declined to answer questions about Joe Biden's cognitive...

By 0 62