💨 Abstract

India's markets regulator suggests increasing the independence of clearing corporations by diversifying ownership, as complete ownership by stock exchanges presents a conflict of interest. A potential solution, according to Ananth Narayan, a whole-time member of the Securities and Exchange Board of India, is a demerger of clearing corporations from their parent exchanges. The regulator plans to release a public consultation on this matter shortly.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖