OTC Derivatives Market in India: Recent Regulatory Initiatives and Open Issues for Market Stability and Development
Published By: ICRIER on eSS | Published Date: April, 03 , 2010The paper seeks to
prove the point that the Indian OTC derivatives markets, unlike many other
jurisdictions, are well regulated. Only contracts where one party to the contract is an
RBI regulated entity are considered legally valid in India. A good reporting system
and a post-trade clearing and settlement system, through a centralised counter party,
has ensured good surveillance of the systemic risks in the Indian OTC market. [ICRIER WP No. 248].
Author(s): Dayanand Arora, Francis Xavier Rathinam | Posted on: May 03, 2010 | Views(1213) | Download (878)