Clearing Corporations

In a new paper, Sebi has proposed the daily transfer of client funds to clearing corporations

ESMA under pressure after de-recognising in October six Indian clearinghouses including the CCIL

Foreign lenders, RBI in talks to find satisfactory alternative mechanisms

The broking firm had misused securities from clients through unauthorised pledging which were used to raise funds from several banks

Rules will apply when a clearing corporation strategically wants to wind down, or has incurred losses or there is some regulatory action against it

European regulators' decision affects more market segments than US norms

RBI in talks with ESMA, BoE on CCIL de-recognition, says will find resolution

Dialogue on clearing houses come after CCIL derecognition by ESMA, BoE

Fresh clearing options came up in discussions with RBI, banks in touch with offshore regulators

Banks expressed concerns about trade impact, disruptions seen in OIS, bond markets

Much of corporate portfolio has dollar-linked revenue and is not exposed to rupee depreciation

Indian derivatives markets could see disruptions on EU regulator move

They also need to specify the number of complaints received, resolved and pending

Sebi on Wednesday asked stock exchanges, clearing corporations and depositories to put in place code of conduct and institutional mechanism

The regulator aims to enhance robustness of the risk management system in limited purpose clearing corporations

Markets regulator Sebi on Friday came out with a framework governing the outsourcing activities of the limited purpose clearing corporation

The recovery of assets would help in meeting the obligations of clients, stock exchanges, and clearing corporations, Sebi said in a circular

The decision was aimed at aligning rules pertaining to base minimum capital requirement and liquid networth of clearing corporations