India joins global move to tighten CCP capital standards
Putting CCP capital on the front line is a prerequisite for the EU granting clearing equivalence
India's securities regulator is set to clarify the type of resources a central clearing counterparty (CCP) can use to meet minimum regulatory requirements, in order to bring rules more in line with international standards.
The EU has not yet recognised India's clearing framework as equivalent to its own, although European banks in the market hope a decision will be taken shortly. Having a clear waterfall structure, where the CCP's own capital is put at risk before members' funds, is a
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