The connectivity is the latest effort by RBI as it looks to establish itself as a gateway to Eastern European market infrastructures.
This rules will require firms that are taking on settlement themselves, and not through a CSD or sub-custodian, to report data on a quarterly basis.
New CSD promising real-time settlement is planning to begin operations from the summer of this year.
Long-serving innovation head at Euroclear leaves after 15 years at the Belgium-based central securities depositary.
Following deal with Hong Kong Exchange, Euroclear expects more exchanges in Asia, the Americas, and the Middle-East to join its ICSD settlement structure for ETFs.
Experts believe the EU’s Shareholder Rights Directive II can incentivise technological innovation by central securities depositories.
After two years of headwinds, Pakistan is set for capital market reforms and ongoing stabilisation in economic fundamentals.
Panelists at AFME's Post-Trade conference in London argued T2S has failed to lower costs, enhance efficiencies, and overcome post-trade barriers.
The settlement was carried out between the CSDs of Kuwait and Morocco using cash coins on the TCS BaNCS Network.