Consultation paper on test environment for trading, clearing digital assets will be open for feedback until May 29
ESMA consultation finds mixed feelings on shorter settlement cycle
Aggregate settlement value held up, even as volumes declined
Proposals aim to codify investor protections, enhance flexibility
Seeks input by Apr. 14 aimed at improving markets' ability to handle elevated margin calls
IOSCO, Basel Committee recommendations target non-central clearing markets
Measures aim to address lessons of market turmoil in early 2020 and 2022
Self-regulatory organization proposes new settlement obligation and expanded guidance
U.S. fund industry calls for global move to shorter settlement cycle
Industry trade groups remain hesitant about sweeping reforms