Reserve Bank of India, Japanese regulator hold talks on clearing houses

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

The Reserve Bank of India (RBI) and the Financial Services Agency (FSA) of Japan on Wednesday exchanged letters of cooperation in the field of central counterparties (CCPs) with the expressed aim of improving mutual cooperation.

“With this exchange of letters, the RBI and the FSA are committed to deepening relations between the two countries and strengthening the exchange of information,” the Indian central bank said on Wednesday.

The move comes at a time when the European and the UK regulators have derecognised various Indian clearing houses, including the Clearing Corporation of India (CCIL), which hosts the trading platform for government