Draft Report - ربی - Reserve Bank of India
draft_Reports
Reserve Bank of India is entrusted with regulating the currency and credit system of the country to its advantage so as to maintain stability of the financial system. To this end, Reserve Bank prescribes necessary regulatory framework for its Regulated Entities (REs). With the growth of the REs in terms of number as well as scale of operations, increase in adoption of innovative technologies and enhanced customer outreach, a need is felt to develop better industry standards for self-regulation.
Contents 1. Introduction 2. Market Structure 3. Review of Market Timing 4. Impact on Clearing, Settlement and Risk Management 5. Summary of Recommendations List of Abbreviations 1. Introduction Background 1.1. The Reserve Bank has, from time to time, been receiving requests for extension of timings for certain markets such as currency futures and Over-the-Counter (OTC) foreign exchange market. Accordingly, it was announced as a part of the Statement on D