RBI releases Draft Reserve Bank of India (Credit Derivatives) Directions, 2021 under Section 45 W of the RBI Act, 1934

In pursuance of the announcement made in the Statement on Developmental and Regulatory Policies dated December 04, 2020 regarding the review of Credit Default Swaps (CDS) Guidelines, the Reserve Bank of India has released today the Draft Reserve Bank of India (Credit Derivatives) Directions, 2021. Comments on the Draft Directions are invited from banks, market participants and other interested parties by March 15, 2021.

Feedback on the Draft Directions may be forwarded to:

The Chief General Manager, Reserve Bank of India

Financial Markets Regulation Department

9th Floor, Central Office Building

Shahid Bhagat Singh Marg, Fort

Mumbai – 400 001

Or by email with subject line “Feedback on Draft Reserve Bank of India (Credit Derivatives) Directions, 2021”.

(Yogesh Dayal)

Chief General Manager