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Markets & Infrastructure
Payments & Settlements
India, Russia in Advanced Talks on Trade Treaty
By Sanday Chongo Kabange | 18/04/2023
The RBI is also engaged in discussions with several other countries on the possibility of conducting trade in the rupee.
DeFi & Web3
US SEC Reopens Consultation to Redefine ‘Exchange’
By Editors | 18/04/2023
The proposed rule would update the definition of “exchange” to include crypto trading systems, including DeFi systems. Two SEC Commissioners dissented.
Conduct, Culture & Accountability
MAS: “Much Room for Improvement” in Issue Manager Conduct
By Editors | 18/04/2023
MAS identified issue managers that did not perform conflict-of-interest checks, background checks on EDs and controlling shareholders, and site visits to issuers’ material assets.
Stablecoins
UK Regulator to Impose Limits on Stablecoin Payments
By Mark Johnston | 18/04/2023
The BOE and the FCA will propose new rules by year-end to ensure stablecoins are redeemable in fiat money and do not threaten financial stability.
Cryptocurrency
CME to Offer Additional BTC, ETH Options Expiries
By Editors | 18/04/2023
CME will offer expiries every business day to provide market participants with “greater precision and versatility” in managing short-term price risk.
Clearing & Post-Trade
BOE, CFTC Strengthen Supervisory Cooperation on CCPs
By Editors | 18/04/2023
The Bank of England will rely on the CFTC for supervision and oversight of US-based CCPs offering clearing services in the UK.
Market Data & Technology
DSB Launches UPI User Acceptance Test Environment
By Manesh Samtani | 17/04/2023
The UAT environment will help the industry prepare for incoming OTC derivatives reporting requirements. The full UPI Service will launch on 16 October 2023.
Market Data & Technology
AFME, FESE Call for Action on EU Consolidated Tape
By Editors | 17/04/2023
Ahead of EU trilogues on the MiFIR Review, AFME is highlighting the important role of systematic internalisers and FESE is calling for a PFOF ban.
Structural Regulation
Korea to Ease Rules on Overseas Business by Certain Securities Firms
By Editors | 17/04/2023
The revisions will enable overseas subsidiaries of “comprehensive financial investment service providers” to provide corporate credit in overseas markets more easily.
Trading & Investment
NSE India to Launch WTI Crude Oil, Natural Gas Futures
By Editors | 17/04/2023
NSE will launch WTI crude oil and natural gas futures contracts from 15 May. Both already trade on India’s MCX.
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