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Reserve Bank of India releases draft report proposal on introducing CDS to the country

|Includes:BAC, BCS, C, CS, CTSH, DB, EPI, FNI, GS, HDB, HSBC, IBN, ICN, IFN, INDL, INDY, INDZ, INFY, INR, JPM, MER, MS, MTE, MTU, NMR, RDY, REDF, SAY, SIFY, UBS, UL, Unilever NV (UN), VSL, WIT

It has been a few years in the making but India's central bank, the Reserve Bank of India (RBI), today issued its updated draft report covering the introduction of onshore CDS. The public document clarifies the country's goals and expectations for the orderly management and functioning of its own credit derivative market and took India a step ahead of China which is also trying to introduce its own onshore CDS market.



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