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  • The London Stock Exchange (LSE) and Deutsche Börse have submitted their merger plans to European competition regulators, in the hopes of wrapping up the deal in the first half of 2017.
  • SSA
    Abundant oil reserves transform a country’s economy. The results are not always positive — some sovereigns suffer from the “Dutch Disease”, which inhibits exports of non-oil goods through an appreciation in the real exchange rate. But overall natural resources, in particular oil and gas, prove to be a boon for the lucky country’s finances.
  • Blockchain initiatives in financial markets came to the fore this week, with a group of banks teaming up to apply the technology to making payments and settling transactions, while a survey of 25 financial exchanges found that most of them are testing distributed ledger technology.
  • The Monetary Authority of Singapore sees scope for more clarity on the disclosure of bond rebates given to private banks, with the Private Banking Industry Group reviewing its code of conduct.
  • The Securities and Futures Commission (SFC) has reprimanded Morgan Stanley Hong Kong Securities over internal control failures, slapping a fine of HK$18.5m ($2.4m) on the US bank.
  • UBS and three other banks are working together to apply blockchain technology to making payments and settling transactions in financial markets.