Ringgit hits five-year high against US dollar in holiday trade
The Malaysian ringgit extended its rally, reaching a five-year high against the US dollar, trading in a narrow range of RM4.04-RM4.05.
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Abstract:The Australian Securities and Investments Commission (ASIC) and the Reserve Bank of Australia (RBA) have updated the Memorandum of Understanding (MoU) with the European Securities and Markets Authority (ESMA) to reflect key amendments to the European Market Infrastructure Regulation (EMIR) 2.2 relating to central counterparties (CCPs).

The MoU establishes regulatory and supervisory cooperation arrangements between ASIC, ESMA and the RBA with respect to Australian CCPs that are recognised or seeking recognition in the EU (covered CCPs). Under the MoU, signatories agree to provide the fullest cooperation permissible under their laws and regulations in relation to all relevant information and supervisory activities regarding the covered CCPs.
The parties express their willingness to work together to fulfill their respective regulatory mandates, particularly in the areas of investor protection, fostering market and financial integrity, and maintaining confidence and systemic stability.
The updated MoU came into effect from 9 February 2022.

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The Malaysian ringgit extended its rally, reaching a five-year high against the US dollar, trading in a narrow range of RM4.04-RM4.05.

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