The Reserve Bank of India and the European Securities and Markets Authority have signed a memorandum of understanding, resolving a two-year dispute over supervisory oversight of India’s central clearing agencies. This agreement facilitates cooperation and information exchange, paving the way for European recognition of Indian clearing houses and potentially enhancing European access to India’s financial markets.
Paul Black’s 3 thumb rules for identifying great wealth creators
Veteran portfolio manager Paul Black’s investment framework focuses on identifying businesses with competitive advantages that strengthen over time. His three key rules emphasise widening moats,