Global Banks May Push Back on RBI's Offshore Swap Reporting Plan
Global lenders plan to ask India's central bank to soften a plan requiring them to report offshore interest-rate derivative trades, according to people familiar with the matter.
Complying with the Reserve Bank of India's directive could raise concerns about client confidentiality and lead to jurisdictional complications with other monetary authorities, the people said, asking not to be named as the discussions are private.
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