Four European banks expected permission from their national regulators to continue trading with India’s Clearing Corporation despite an imminent deadline. Recent communications between Indian and European authorities indicated potential resolution to the regulatory dispute that started when ESMA de-recognised the Clearing Corporation in October 2022, impacting major bond and derivatives trading.
CCI proposes changes to penalty recovery rules; seeks public feedback by Dec 6
India’s Competition Commission (CCI) proposed amendments to its penalty recovery regulations, aiming to streamline the process of collecting fines for violations of the Competition Act.
November 7, 2024