RBI signs MoU with European Securities and Markets Authority for recognition of CCIL
With Union Cabinet approval, the RBI signed an MoU with the European Securities and Markets Authority (ESMA) on 27 January 2026 to enable ESMA's formal recognition of the Clearing Corporation of India Ltd (CCIL) and other RBI-regulated central counterparties.
Summary
The Reserve Bank of India signed a Memorandum of Understanding with ESMA during the visit of the Presidents of the European Council and the European Commission to India on 27 January 2026, with the approval of the Union Cabinet. Its main aim is to enable formal recognition by ESMA of CCIL and other RBI-regulated central counterparties (CCPs). The MoU is a statement of intent under which the RBI and ESMA will consult, cooperate and exchange information on the covered CCPs and on monitoring their compliance with recognition conditions.
Key facts
- Signed
- 27 January 2026, during EU leaders' visit
- Parties
- Reserve Bank of India and ESMA
- Approval
- Union Cabinet
- Aim
- ESMA recognition of CCIL and other RBI-regulated CCPs
- Nature
- Statement of intent; consultation and information exchange
Practice MCQs 2 questions
The MoU signed by the RBI with the European Securities and Markets Authority (ESMA) in January 2026 primarily aims to:
Show answer
Correct answer: A — Enable ESMA's formal recognition of CCIL and other RBI-regulated central counterparties
PIB (Finance): the primary objective is to enable formal recognition of CCIL and other RBI-regulated CCPs by ESMA.
In financial market terminology, what is CCIL, which was covered by the RBI–ESMA MoU of January 2026?
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Correct answer: D — A central counterparty regulated by the RBI
PIB (Finance): the MoU covers the Clearing Corporation of India Ltd. (CCIL) and other RBI-regulated Central Counterparties.