European authorities have threatened to de-recognize Indian clearing houses. 20% of all foreign investors who dabbled in Indian securities originate in Europe. European banks such as Deutsche Bank, society general, BNP Paribah and Credit Suisse would have to set aside more capital to function.
In today’s episode for 16th November 2022, we give you a simple explainer of why the European Authorities have threatened to derecognise Indian clearing houses.