The decision by the Reserve Bank of India (RBI) to take responsibility for regulating the Clearing Corporation of India Limited (CCIL) and its decision to adopt the Committee on Payment and Settlement Systems (CPSS)/International Organization of Securities Commissions (Iosco) principles for financial market infrastructures will push the local clearing house closer to achieving qualified central counterparty (QCCP) status under Basel III rules, according to market participants.
While market parti
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