Market Infrastructure

Market Infrastructure

ESMA Proposes 11 October 2027 for Migration to T+1 Settlement

By Manesh Samtani | 19/11/2024

ESMA says 11 October 2027 is the optimal date for the transition, and that it must be coordinated with other jurisdictions in Europe.

Enforcement

ASX Files Defence in ASIC’s Misleading Statements Case

By Sanday Chongo Kabange | 19/11/2024

CEO Helen Lofthouse said there was a “reasonable basis” for the statements ASX made about the CHESS replacement project’s progress on 10 February 2022 and it did not breach the law.

Fintech / Regtech

SEBI Proposes Reforms to Make Firms Responsible for AI Use

By Nithya Subramanian | 19/11/2024

SEBI is proposing amendments that will make MIIs, intermediaries and other regulated entities accountable for their use of AI/ML tools.

Market Infrastructure

HKEX, HSIL Launch New Index Focused on Stock Connect

By Sanday Chongo Kabange | 19/11/2024

The ‘Stock Connect China Enterprises Index’, or SCCEA, will track the largest Chinese companies under the Stock Connect scheme.

Fintech / Regtech

HKMA Asks Merchant Acquiring Banks to Promote Mobile POS

By Sanday Chongo Kabange | 19/11/2024

Banks are asked to promote adoption of mobile POS terminals by merchants to help expand coverage “as far as practicable”.

Market Infrastructure

Philippines Launches Peso Interest Rate Swaps Market

By Sanday Chongo Kabange | 18/11/2024

The PESO IRS market will help deepen the capital market, boost trading and liquidity, and promote the development of yield curves.

ESG / Sustainability

IOSCO Issues Final Report on Voluntary Carbon Markets

By Thisanka Siripala | 18/11/2024

The report outlines a set of 21 Good Practices aimed at ensuring financial integrity in Voluntary Carbon Markets.

Securities / Derivatives

LME Clear Announces Reforms Tripling Member Capital Requirements

By Editors | 15/11/2024

LME Clear said the proposal would better align member capital requirements with those of peer CCPs and reassure market stakeholders of its markets resilience.

ESG / Sustainability

COP29 Countries Approve Global Carbon Market Framework

By Mark Johnston | 15/11/2024

Countries at COP29 have endorsed a global carbon market framework which forms the basis for operationalising Article 6.4 of the Paris Agreement.