Not only have the financial market players become an object of despise; the regulators, Governments and the Central Banks have also lost their credibility in the eyes of the public. Desirability in Indian context 27. Having seen the twin peaks structure and a heightened global preference for this form, let us focus on its desirability in the Indian context.
Another element of our efforts to promote resolvability of large banking organizations involves the early termination rights of derivative counterparties to GSIBs. Some of the material operating subsidiaries of GSIBs are counterparties to large volumes of over-thecounter derivatives and other qualifying financial contracts that provide for an event of default based solely on the insolvency or receivership of the parent holding company.