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Earlier this year, having taken this vision beyond India’s borders, we announced our International Payment Gateway, developed for the Malaysian market – Curlec by Razorpay. With the digital payments market in Malaysia projected to soar by an impressive 17.06% between 2023 and 2027, culminating in a market volume of $41.74
The European Securities and Markets Authority (ESMA), European Commission (EC) and European Central Bank (ECB) have launched a new governance structure to support the transition to T+1 settlement within the EU. The first meeting of the coordination committee is scheduled for 6 February.
The UKs move to a T+1 settlement cycle could release 1 billion of margin currently required at central counterparties, according to the Bank of Englands (BoE) executive director, financialmarket infrastructure, Sasha Mills. The UK will move to T+1 on 11 October 2027, in line with the EU and Switzerland.
Additionally, the research, which was produced in collaboration with Clearstream, The Depository Trust and Clearing Corporation (DTCC) and Euroclear, pointed to the complexity of Europes move to T+1, as a result of higher quantities of financialmarket infrastructures (FMIs), regulators, markets involved across the continent.
There are a few big regulatory changes which are probably not going to go live in 2025, but will need technological and infrastructure-related preparation and change before 2026 and 2027. We already know the date 11 October 2027 less than three years away and people will need time to prepare, which means that the work should starts now.
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