New Delhi, Jan. 27 -- The Reserve Bank of India (RBI) and the European Securities and Markets Authority (ESMA), the EU's financial markets regulator and supervisor, signed a Memorandum of Understanding (MoU) on Tuesday to facilitate cooperation and exchange of information for the recognition of central counterparties (CCPs) established in India and supervised by RBI.
The agreement marks a significant step towards restoring access for EU clearing members to Indian central counterparties and follows two years of sustained engagement between ESMA and RBI.
It reflects ESMA's strong commitment to international supervisory cooperation and mutual support to advance safe, resilient and open financial markets.
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