Concerns mount over USD/RUB benchmark
Talks to take place this month in hope of changing methodology
The USD/RUB benchmark operated by the Emerging Markets Traders Association (Emta) and CME is likely to come under pressure to change its methodology this month amid mounting concerns that the submissions-based process may not be transparent enough.
Emta is coming under pressure from its benchmark partner, CME, banks and also the Financial Markets Association (ACI) Russia, according to its Moscow-based president and head of foreign exchange and money markets at Metallinvestbank, Sergey Romanchuk
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