OTC Derivatives Market in India: Recent Regulatory Initiatives and Open Issues for Market Stability and Development
AbstractThe paper seeks to prove the point that the Indian OTC derivatives markets, unlike many other jurisdictions, are well regulated. Only contracts where one party to the contract is an RBI regulated entity are considered legally valid in India. A good reporting system and a post-trade clearing and settlement system, through a centralised counter party, has ensured good surveillance of the systemic risks in the Indian OTC market. [ICRIER WP No. 248].
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Bibliographic InfoPaper provided by eSocialSciences in its series Working Papers with number id:2479.
Date of creation: May 2010
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Indian; OTC market derivatives; India; post-trade; regulated; RBI; stability; development; Finanacial institutions; regulations; derivatives; over the counter; government policy; research and development; R&D; currency; balance sheet;
Other versions of this item:
- Dayanand Arora & Francis Xavier Rathinam, 2011. "OTC derivatives market in India: recent regulatory initiatives and open issues for market stability and development," Macroeconomics and Finance in Emerging Market Economies, Taylor and Francis Journals, vol. 4(2), pages 235-261, April.
- DayanArora & Francis Xavier Rathinam, 2010. "OTC Derivatives Market in India : Recent Regulatory Initiatives and Open Issues for Market Stability and Development," Finance Working Papers 23029, East Asian Bureau of Economic Research.
- G28 - Financial Economics - - Financial Institutions and Services - - - Government Policy and Regulation
This paper has been announced in the following NEP Reports:
- NEP-ALL-2010-05-08 (All new papers)
- NEP-CWA-2010-05-08 (Central & Western Asia)
- NEP-REG-2010-05-08 (Regulation)
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