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    <title>RBI releases Draft Directions on Financial Benchmark Administrators</title>
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    <description>Draft directions on Financial Benchmark Administrators have been issued for public consultation, inviting market participants to submit feedback to the Reserve Bank via the designated contact or email. The draft, based on the Committee on Financial Benchmarks&#039; report and international best practices, seeks to establish a regulatory framework to strengthen governance, oversight and supervisory expectations for benchmark administrators in markets regulated by the Reserve Bank.</description>
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