Better alignment between OTC and exchange traded markets for currency futures In the case of currency futures market in India, due to cash settled nature of the transactions undertaken on the exchanges with no mandated requirement for delivery, there is a non-level playing field between OTC and Exchange traded markets.
Instead, what I and other banking supervisors around the world have consistently been emphasising is that a failure to adequately manage climate-related and environmental risks is no longer compatible with sound risk management.