MARKET INFRASTRUCTURE

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    Market Infrastructure

    UK FCA Announces Decision on Synthetic USD LIBOR Rates

    By Editors | 04/04/2023

    1-, 3- and 6-month synthetic USD LIBOR rates will continue to be published for 15 months after the USD LIBOR bank panel ceases on 30 June.

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    Market Infrastructure

    CSRC Finalises New Rules for Futures Exchanges

    By Editors | 03/04/2023

    New requirements cover product listings, programmatic trading, internal governance, risk monitoring, emergency planning, and financial management, among other areas.

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    Market Infrastructure

    China, Brazil Abandon US Dollar as Intermediary Currency

    By Editors | 03/04/2023

    China and Brazil will exchange renminbi and reals directly to settle trade and financial transactions.

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    Market Infrastructure

    ASEAN to Reduce Reliance on Major Currencies to Safeguard Stability

    By Editors | 02/04/2023

    ASEAN finance ministers and central bank governors agreed to increase usage of local currencies for trade settlements.

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    Market Infrastructure

    Singapore, Malaysia Launch Cross-border QR Payments Link

    By Editors | 31/03/2023

    The payment linkage will allow customers of participating financial institutions to make retail payments by scanning NETS QR and DuitNow QR codes.

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    Market Infrastructure

    Rules Proposed to Adopt T+1 in US Muni Bond Market

    By Editors | 31/03/2023

    US equities and corporate bond markets will move to T+1 on 28 May 2024. The same implementation date is proposed for municipal securities.

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    Capital / Liquidity

    FSB to Develop and Run Global Bank Stress Test

    By Manesh Samtani | 31/03/2023

    The FSB’s work programme for 2023 includes plans to develop and run a global bank stress test in cooperation with the BCBS.

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    Market Infrastructure

    LME Group Unveils Plans to Strengthen Metals Markets

    By Editors | 30/03/2023

    The LME is making daily price limits permanent, revising its margin methodology, and developing a China-based spot market offering for Class II nickel products.

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    Market Infrastructure

    South Korea Grants Clearstream QFI Status

    By Editors | 30/03/2023

    The QFI status will enable Clearstream to offer omnibus account services for Korea Treasury Bonds and Monetary Stabilisation Bonds.

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    Enforcement

    ASIC Commences Probe into Regulatory Breaches by ASX

    By Sanday Chongo Kabange | 30/03/2023

    ASIC is investigating whether ASX breached the law in its oversight of and disclosures relating to the CHESS replacement programme.

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