MARKET INFRASTRUCTURE

Enforcement

SEBI Settles With NSE Over 2021 Trading Glitch

By Editors | 22/06/2023

NSE and NSE Clearing have to pay a combined $8.9mn to end proceedings over a 2021 glitch that cause a complete trading halt for over three hours.

Market Infrastructure

CSRC Issues Guidelines to Improve Bond Registration System

By Editors | 22/06/2023

The guidelines streamline the debt issuance process, enhance information disclosure requirements, and tighten the responsibilities of issuers and intermediaries.

Market Infrastructure

HKMA Directs Banks to Enhance Protections for Payment Card Customers

By Sanday Chongo Kabange | 21/06/2023

Banks are directed to comply with new guidance by end June 2023. For enhancements that require system changes, banks should comply within six months.

Crypto / Digital Assets

BIS Offers Blueprint for Future Monetary & Financial System

By Editors | 21/06/2023

The BIS says the future financial system will combine tokenised money and assets on a programmable platform.

Capital / Liquidity

BOE to Include Hedge Funds, Pension Funds in Scenario Exercises

By Editors | 20/06/2023

The system-wide exploratory scenario will encompasses hedge funds and pension funds alongside large banks, insurers, and CCPs for the first time.

Market Infrastructure

EU Proposes New Rules to Address Cum-Ex Tax Dodge Schemes

By Mark Johnston | 19/06/2023

The proposals aim to make withholding tax procedures more efficient and secure for investors, banks and tax authorities.

Market Infrastructure

RBNZ Considers Expanding Access to Settlement Accounts

By Sanday Chongo Kabange | 19/06/2023

The RBNZ is seeking feedback on a framework to assess the risks of opening up access to the Exchange Settlement Account System.

Market Infrastructure

HKEX Launches HKD-RMB Dual Counter Model

By Manesh Samtani | 19/06/2023

24 Hong Kong-listed companies have started offering both HKD and RMB trading counters.

Enforcement

UK MPs Demand Re-examination of LIBOR Rigging Convictions

By Mark Johnston | 18/06/2023

UK MPs say crucial evidence was withheld from the LIBOR manipulation inquiry and that the UK is now alone in treating the actions of the traders involved as criminal.