RBI sends fresh draft to ESMA on CCIL oversight, said to hold firm

August 2, 2023

“The RBI sent a draft to the ESMA in the first week of July, there are some dilutions in the language, but they have not made any relaxations on the sticking point, which is the right to audit, inspect and potentially levy fines on the CCIL,” a source aware of the development said.

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