Reported 30 days ago
European regulators have instructed banks in France and Germany to maintain relations with Indian clearing houses, following a dispute with the Reserve Bank of India over supervisory control that threatens trading stability. The initial deadline for dealing with these Indian firms was set for the end of October, but banks are exploring alternatives, including settling trades through Indian partners. This ongoing issue could negatively impact trading volumes in government bonds and derivatives, as European banks play a significant role in the Indian market.
Source: YAHOO