Reserve Bank of India Act, 1934 was amended in 2006 to provide legality to certain OTC derivative transactions and also to give explicit regulatory powers to Reserve Bank over derivatives and money market instruments. ii.
To give you an idea, last year alone, we were involved in the organisation of 17 such events. Furthermore, we also frequently invite academics to come to the ECB to present their work, for example, in the context of a weekly, invited speaker seminar, called the Joint Lunchtime seminar, which we organise together with the Center for Financial Studies and the Deutsche Bundesbank.