Tuesday, March 18, 2025 | 01:14 AM ISTहिंदी में पढें
Business Standard
Notification Icon
userprofile IconSearch

Extraterritorial reach of regulators weakens domestic stability: RBI

Discussions with foreign regulators positive

RBI
Premium

The RBI report said the discussions still continue, so as to arrive at a mutually acceptable arrangement, which duly recognises the territorial independence of the host regulator.

Manojit Saha Mumbai
Amid tussle over supervisory powers with European regulators for domestic central counterparties, the Reserve Bank of India (RBI) said such extraterritorial reach could undermine domestic financial stability.
 
In the bi-annual financial stability report, the central bank said that to prevent a possible logjam there has been ‘positive dialogue’ with relevant stakeholders, including the European Securities and Markets Authority (ESMA) and the European Commission.
The report said the discussions still continue, so as to arrive at a mutually acceptable arrangement, which duly recognises the territorial independence of the host regulator.
 
“In the undesirable event of a possible market disruption, however, remedial measures

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in