Reserve Bank of India and Financial Services Agency exchanged letters of cooperation . The letters establish both countries potential to cooperate in accordance with their respective statutes and rules .
India Mumbai (Maharashtra) (India) – (India) – On Wednesday, the Reserve Bank of India (RBI) and the Financial Services Agency (FSA), Japan, exchanged letters of cooperation in the area of Central Counter Parties (CCPs) with the intention of strengthening joint ventures.According to a statement by RBI, RBI and FSA are committed to deepening ties between the two countries and intensifying information exchange.Both RBI and FSA also stated their willingness to engage in discussion or debate on topics of common interest and concern as appropriate.The letters establish both countries' potential to cooperate in accordance with their respective statutes and rules.
The plan will be mutually beneficial and will ensure the stability of the financial markets in both countries.