Japanese banks get home regulator's nod to settle all trades via CCIL

With this move, Japanese bank branches in India can now use CCIL and experience better operational flexibility and lower capital requirement

BS Web Team

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Japanese banks have received a go-ahead from their country's regulator to deal with the Clearing Corporation of India (CCIL) for settling all transactions, The Economic Times reported on Thursday. This move by the Japanese regulator may put pressure on a few overseas regulators, including the European Securities and Markets Authority (ESMA), to soften their stand against India. 

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First Published: Jan 19 2023 | 2:23 PM IST

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