RBI-ESMA standoff: Time for India to demand its pound of flesh

At the heart of the dispute is ESMA’s right to inspect, penalise and de-recognise any Central Counterparty Clearing Houses (CCPs) in systemically important countries where European banks are involved. This the RBI sees as an extraterritorial provision that violates the sovereignty of the nation.

from Economy-News-Economic Times https://ift.tt/6t3WKYQ
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