MARKET INFRASTRUCTURE

Big Picture

ISDA, FIA, IIF Respond to FSB Consultation on CCP Resolution

By Mark Johnston | 21/11/2023

The industry groups welcomed the FSB’s focus on CCP resolution, but have raised some concerns and suggestions for improvement.

ESG / Sustainability

Australia to Restructure Regulatory Bodies for Financial Reporting

By Sanday Chongo Kabange | 21/11/2023

The three regulatory bodies that oversee financial reporting and set reporting standards will be combined into a single entity.

Market Infrastructure

SEBI Launches “Investor Risk Reduction Access” Platform

By Ajoy K Das | 21/11/2023

The platform will enable investors to continue to manage their portfolios even during unexpected technical glitches.

Market Infrastructure

HKMA Considers How Banks Will Support Stock Trading During Typhoons

By Sanday Chongo Kabange | 21/11/2023

Banks would need to upgrade their systems to cope with a “potential new clearing arrangement for cheque payments”.

Securities / Derivatives

CSRC Issues Derivatives Trading Rules for Follow-up Consultation

By Manesh Samtani | 20/11/2023

Excessive speculative behaviour and overly complex products are restricted. Derivatives traders must meet suitability standards.

Market Infrastructure

Australia Consults on Options for Reforming Merger Rules

By Sanday Chongo Kabange | 20/11/2023

Treasurer Jim Chalmers said any changes to merger rules would be about “delivering greater benefits to the economy and to consumers, and providing certainty to business”.

Market Infrastructure

Indian Court Orders Calcutta Stock Exchange to Halt Trading on NSE

By Ajoy K Das | 20/11/2023

SEBI barred the CSE from operating its equities trading platform in 2013. It has since been allowing its members to trade on via the NSE. The agreement with NSE expired in September 2021.

Market Infrastructure

China Pushes FIs to Provide Financing to Property Firms

By Editors | 20/11/2023

Financial firms were asked to meet all “reasonable financing needs” of property firms. A “white list” of firms eligible to receive financing is being drafted.

Enforcement

Ransomware Group Files SEC Complaint Against its Own Victim

By Mark Johnston | 20/11/2023

ALPHV/BlackCat attacked software company MeridianLink, then filed a complaint with the US SEC saying the company failed to disclose the attack.