Project Inthanon-LionRock studied the application of a CBDC for cross-border payments. ConsenSys will lead implementation of the project's next phase.
The move to combine the QFII and RQFII into a single 'qualified foreign investor' regime is aimed at further easing foreign access to China's capital markets.
FTSE Russell cites significant market infrastructure improvements to expand access to international investors, improve liquidity, and develop settlement and custody processes.
The Action Plan seeks to make financing more accessible to European companies and integrate national capital markets into a genuine single market.
The Regulatory Oversight Committee of the Global LEI System will be the International Governance Body for the UTI, UPI and CDE as of 1 October.
Effective from 3 November, credit card issuers can charge a maximum 2% per month on unpaid outstanding credit card balances.
The conviction is said to be linked to a criminal case involving the head of a Citic Group asset management subsidiary.
Banks are charging customers between 25 and 27 percent in interest on credit card debt, in violation of regulations, Bangladesh Bank said.
In December, SEBI issued INR 2.5 million penalty orders against ICRA, India Ratings & Research and Care Ratings. This has been raised to INR 10 million.
The reforms will reduce data processing steps for financial institutions and the costs associated with reporting, while increasing reporting efficiency.