The more accessible the financial system is to individuals in pursuit of these two objectives, the better. Against this backdrop, I will address four sets of issues : 1. The landscape for OTC derivatives in India  2. Regulatory concerns and steps taken  3. The roadmap for OTC derivatives  4. The development of markets in India.
BIS central bankers’ speeches  1  The landscape for OTC derivatives in India The primary OTC derivatives in India: Interest rate derivatives – Interest rate swaps (IRS) and forward rate agreements (FRA); FX derivatives- FX forward, options and swaps.