Domestic Clearing Access Becomes a Priority as Fintechs Build Multi-Market Local Payment Networks

Domestic clearing access becomes a priority as fintechs build multi-market local payment networks

ESMA-RBI deal boosts EU access to India clearing

ESMA has signed a Memorandum of Understanding (MoU) with the Reserve Bank of India (RBI) aimed at strengthening supervisory cooperation and enabling the exchange of information linked to the recognition of Indian CCPs overseen by the RBI. ESMA said the agreement is designed to help restore access for EU clearing members to Indian CCPs, describing it as a notable step forward after two years of sustained engagement between the two authorities. Th…

ESMA-RBI deal reopens route to EU clearing in India

ESMA has signed a Memorandum of Understanding with the Reserve Bank of India (RBI) to strengthen supervisory cooperation around CCPs in India and support their potential recognition in the EU. The agreement is designed to facilitate information-sharing between the two authorities when EU regulators assess whether India-based CCPs meet the requirements to be recognised for use by EU clearing members. The move is positioned as an important step to…