In a similar vein to the G20 talks throughout the course of last year, Shyamala Gopinath, deputy governor of the Reserve Bank of India, has this month been discussing regulatory reforms aimed at reducing the risk around OTC markets via greater transparency and introducing new liquidity risk reporting measures. Gopinath is keen for the country to begin work on tackling the “key elements” for reform, she explained to a gathering of the Fixed Income Money Markets and Derivatives Association - Primary Dealers Association of India at the start of January.

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