New India regulations push derivatives corporate disclosure

Author: | Published: 11 May 2011

The Reserve Bank of India’s (RBI) new guidelines will allow for greater corporate transparency and disclosure according to one Indian derivatives specialist.

Issuers are now expected to provide relevant documentation to their banks within 15 days or risk their transactions being terminated and pay any losses resulting from the trade.

Despite recent court decisions penalising banks for their actions during the height of the...