The Reserve Bank of India is “revisiting” a draft policy on credit default swaps, issued in 2007 but never implemented.
Shyamala Gopinath addressed the topic in her first speech as deputy governor of the central bank, given at the Foreign Exchange Dealers’ Association of India’s annual conference in Kenya on February 28.
She said the RBI had decided to re-examine the proposal in light of the global financial crisis, which has focused regulatory...