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