The paper addresses the growing complexities of trading systems and the rising risks of technological glitches. The proposals aim to enhance audit practices, fostering a stronger regulatory framework. Public comments are invited until December 26.
RBI proposes new Counterparty Credit Risk norms for banks in derivatives trading
The Reserve Bank of India (RBI) has proposed new Counterparty Credit Risk (CCR) norms for banks acting as clearing members in equity and commodity derivatives