Sebi wants say in inspections; RBI yet to relent

Efforts are on to find a middle ground in the negotiations with the European Securities and Markets Authority (ESMA) which has derecognised six key institutions including Clearing Corporation of India (CCIL) and NSE Clearing Limited (NSCCL) which are central counterparties (CCPs) for settlement of trades in foreign exchange, gilts, and currency and interest rate derivatives.

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