India Bans Three Banks From Bond Prop Trading
The Reserve Bank of India has barred Standard Chartered, Société Générale and Crédit Agricole from proprietary trading of government bonds for six months following an investigation into their trading of the instruments at off-market prices to hide losses, a technique known as circular trading.
Unlock this article.
The content you are trying to view is exclusive to our subscribers.
To unlock this article:
- ✔ 4,000 annual insights
- ✔ 700+ notes and long-form analyses
- ✔ 4 capital markets databases
- ✔ Daily newsletters across markets and asset classes
- ✔ 2 weekly podcasts
