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Japanese banks get home regulator's nod to settle all trades via CCIL

With this move, Japanese bank branches in India can now use CCIL and experience better operational flexibility and lower capital requirement

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BS Web Team
Japanese banks have received a go-ahead from their country's regulator to deal with the Clearing Corporation of India (CCIL) for settling all transactions, The Economic Times reported on Thursday.

This move by the Japanese regulator may put pressure on a few overseas regulators, including the European Securities and Markets Authority (ESMA), to soften their stand against India. 

ESMA and Bank of England (BoE) have derecognised CCIL.

With this move, Japanese bank branches in India can now use CCIL and experience better operational flexibility and lower capital requirement. For the first time, they will be able to cut

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First Published: Jan 19 2023 | 2:23 PM IST

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