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There's a Herd of Elephants in the Room

There's a Herd of Elephants in the Room
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Settling FX in a T+1 world

The $7.5tn-a-day global foreign exchange market is once again buffeted by the regulatory shifts elsewhere. The scramble is on to find out whether trading costs and operational risks will rise, or currency trading patterns will morph into a pattern more closely aligned to equities. ....

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Rupees | Reserve Bank of India panel suggests steps for internationalisation of rupee; inclusion of INR in IMF's SDR

It also recommended integrating Indian payment systems with other countries for cross-border transactions and strengthening financial markets by fostering a global 24x5 INR market ....

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