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    <title>Reserve Bank of India (RBI) signs a Memorandum of Understanding with the European Securities and Markets Authority (ESMA)</title>
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    <description>The MoU establishes a framework to enable formal recognition by ESMA of CCIL and other RBI regulated CCPs, providing for consultation, cooperation and exchange of information on the covered CCPs and monitoring their compliance with recognition conditions, while ESMA may rely on RBI supervision and the RBI remains accountable for CCP resilience in India; the MoU is non binding and effective from signing for an unlimited period.</description>
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