Agreements signed by European Union and Indian regulators have eased the risk that EU clearing members would be obliged to quit Indian clearing houses, allowing affected banks to cut contingency planning costs. The European Securities and Markets Authority signed memorandums of understanding with the Reserve Bank of India in January 2026 and with the Securities and Exchange Board of India, according to Risk.net.
BNP, SocGen and Deutsche can cut contingency planning costs after Esma's memorandums with the RBI and Sebi eased the risk that they would have to quit Indian clearing houses.
Agreements signed by regulators in the European Union and India have eased the risk of EU clearing members being obliged to quit Indian clearing houses, allowing the affected banks to cut contingency planning costs, Risk.net reported on November 6, 2026.
The European Securities and Markets Authority signed memorandums of understanding with the Reserve Bank of India in January 2026 and with the Securities and Exchange Board of India, according to the report. BNP, SocGen and Deutsche were among the EU banks facing the threat to direct clearing in India.
The report was published behind a subscription paywall and gives no further detail on the terms of the memorandums or the size of the contingency costs involved.
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