EU and RBI Close in on Solution for Bond Settlement Issue
2 months ago

EU and RBI Close in on Solution for Bond Settlement Issue

Live Mint  

The European Securities and Markets Authority (ESMA) and the Reserve Bank of India (RBI) are close to reaching a solution to the ongoing issue surrounding the settlement of Indian government bonds and other securities. The talks are taking place at both the government-to-government level and also at the level of the financial regulators. Two options being considered are allowing European banks’ investments in Indian bonds to be facilitated by a designated European bank, or accepting a third-party bond dealer suggested by the Indian central bank that can override the ESMA regulations.

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