Basel Laws and the Global Scenario - the Derivatives Market

Basel Laws and the Global Scenario
– The Derivatives Market
 Report submitted as required by the curriculum for a Summer – Internship  Interned at Standard Chartered Bank ,Kolkata, Department of Financial Markets

MASTER OF ARTS IN ECONOMETRICS
SUBMITTED BY:

Anindya Bose
REG NO: 31512009 UNDER THE GUIDANCE OF

Mr.Biswajeet Sengupta,Director,Standard Chartered Mr.Sagnik Sanyal,Associate Director,Financial Markets

DEPARTMENT OF ECONOMETRICS UNIVERSITY OF MADRAS CHENNAI - 600005

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Anindya Bose

DECLARATION

I, ANINDYA BOSE, student of the Department of Econometrics, University of Madras, Chennai, declare that the summer-internship project titled “BASEL LAWS AND THE GLOBAL SCENARIO – THE
DERIVATIVES MARKET”

has been completed by me under the guidance of Mr.Biswajeet Sengupta and

Mr.Sagnik Sanyal,Standard Chartered Bank, Kolkata as per the curriculum requirements of the M.A. Econometrics course, for the academic session 2013-14 .

Anindya Bose, M.A. Econometrics, Department of Econometrics, University of Madras.

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Anindya Bose

ACKNOWLEDGEMENT

I would like to express my sincere gratitude towards the Head of the Department and all faculties of the Department of Econometrics, University of Madras, for providing me an opportunity, through the internship programme, to apply the knowledge that I have learnt via classroom training and to get an experience in working in the corporate sector. I would also like to thank Standard Chartered Bank, Kolkata and Mr.Biswajeet Sengupta, Director, for giving me an opportunity to work with him through which I got a chance to be associated with the corporate sector and gain basic work experience. I would like to particularly express my deep respect and gratitude towards, Mr.Sagnik Sanyal,Associate Director,Financial Markets without whose guidance and support it would have been impossible for me to complete this work successfully. Last but not the least, I would also like to thank my friends, who

References: :  The Financial Development Report 2012  World Economic Forum – publications  BIS- Statistical release : OTC derivatives statistics at end-December 2012,Monetary and Economic Department, May 2013  BIS website  Road to Basel III – Deutsche Bank Publication,2012  Simon Johnson remarks  RBI and its policies  RBI and its publications, [Guidelines (2012) on 'Basel-III, Norms ', RBI notifications]  RBI monthly Bulletin, February 2012  RBI website  BNY Mellon and its reports  Thomson Reuters, March 15,2011,Vol 23,No.5 – “The loss absorbency requirements and contingent capital under Basel III -Gregg Rozansky (Shearman and Sterling LLP)  Regulatory reforms for OTC derivatives: past, present and future - Stefan Ingves, Governor, Sveriges Riksbank, Chairman, Basel Committee on Banking Supervision  Several articles and news items from Financial Express, Business Standard and Economic Times.  Anand Sinha : Indian Banking – Journey into the Future , Deputy Governor of the Reserve Bank of India, Chennai,6 November 2011  Basel III Norms and Indian banking: assessment and emerging challenges,C.S.Balasubramaniam, Professor, Babasaheb Gawde Institute of Management Studies, Mumbai  The Basel Committee on Banking Supervision: A History of the Early Years 1974-1997,Charles Goodhart  A critical review of Basel-III norms for Indian PSU banks - Mr.Mukul Jain,(SEBI resource person, management, consultant & visiting professor), Gurgaon, Haryana,2012  www.g20.org.  Google Scholars  Wikipedia.com  Investopedia.com 50 Anindya Bose 51 Anindya Bose