MUMBAI, India, Jan. 27 -- Reserve Bank of India issued the following press release:
The Reserve Bank of India (RBI) and the European Securities and Markets Authority (ESMA) have signed a Memorandum of Understanding (MoU) concerning cooperation and exchange of information in relation to Central Counterparties (CCPs) regulated and supervised by RBI. This MoU replaces an earlier MoU between RBI and ESMA which was entered into on February 28, 2017.
The MoU enables RBI and ESMA to cooperate regarding CCPs, in line with their respective laws and regulations. The MoU establishes a framework for ESMA to place reliance on RBI's regulatory and supervisory activities while safeguarding the European Union's financial stability. The MoU also demonstra...