RBI/2013-14/113
DBOD.No.BP.BC.28 /21.06.201/2013-14
July 2, 2013
The Chairman and Managing Director/
Chief Executives Officer of
All Scheduled Commercial Banks
(Excluding Regional Rural Banks)
Madam / Dear Sir,
Capital Requirements for Banks™ Exposures to Central Counterparties
Please refer to the paragraph 77 (extract enclosed) of the Monetary Policy Statement for 2013-14 announced on May 3, 2013. It was indicated therein that the final guidelines on capital requirements for banks™ exposures to central counterparties, based on the interim framework of the Basel Committee on Banking Supervision (BCBS), will be issued by end-June 2013.
2. The finalised guidelines on capital requirements for banks™ exposures to central counterparties are annexed. These instructions would become effective from January 1, 2014.
Yours faithfully,
(Chandan Sinha)
Principal Chief General Manager
Encl: as above
Extract of Paragraph 77 of Monetary Policy Statement for 2013-14
Banks™ Exposures to Central Counterparties (CCP)
77. As announced in the SQR, draft guidelines were issued on: (i) composition of capital disclosure requirements; and (ii) capital requirements for banks™ exposures to central counterparties. It is proposed to:
¢ issue the final guidelines on composition of capital disclosure requirements by end-May 2013; and
¢ issue the final guidelines on capital requirements for banks™ exposures to central counterparties by end-June 2013.
