💨 Abstract

The Reserve Bank of India (RBI) has expressed its disagreement with the European Securities and Markets Authority (ESMA) over the latter's proposal for supervisory and auditing powers over Indian clearing corporations. RBI Deputy Governor T. Rabi Sankar stated that ESMA's proposal is "extra jurisdictional" and compromises India's sovereignty in policymaking.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖

Powered by MessengerX.io