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Market Infrastructure
FSC Korea to Allow Brokers to Launch ATS Platforms for Securities
By Editors | 18/11/2022
The introduction of alternative trading systems will increase competition, boost trading activity, reduce costs for investors, and improve market efficiency.
Big Picture
“No Simple Fix” for Corporate Bond Liquidity Issues: IOSCO
By Editors | 17/11/2022
IOSCO published feedback received from a review of ways to improve the functioning of and liquidity in corporate bond markets under stress.
Crypto / Digital Assets
NYIC, US Banks Launch PoC to Test Digital Money Platform
By Editors | 17/11/2022
Participants include BNY Mellon, Citi, HSBC, Mastercard, PNC Bank, TD Bank, Truist, US Bank, Wells Fargo, SETL, Digital Asset, AWS, SWIFT, Sullivan & Cromwell, and Deloitte.
Market Infrastructure
IBA Confirms Plans for Cessation of USD LIBOR ICE Swap Rate
By Editors | 17/11/2022
Publication of USD LIBOR ICE Swap Rate “runs” for all tenors will cease immediately after the rates are published on 30 June 2023.
Market Infrastructure
ASX Pauses CHESS Replacement Project to Reassess Design
By Manesh Samtani | 17/11/2022
ASX will write off about A$250mn in capitalised software, in response to an independent review by Accenture. ASIC and the RBA express disappointment.
Fintech / Regtech
New Zealand Confirms Plans to Roll-out Out Open Banking
By Editors | 16/11/2022
The banking industry will be the first sector in New Zealand to implement a Consumer Data Right mechanism, like in Australia.
Market Infrastructure
PCAOB Had “Good Access” During Hong Kong Audit Inspection – Report
By Editors | 16/11/2022
The PCAOB reportedly gained all the information it requested during its inspection, but a decision has not yet been made regarding its dispute with Chinese regulators.
Market Infrastructure
Beijing Stock Exchange Marks First Anniversary Since Launch
By Editors | 16/11/2022
The BSE issued new rules for margin financing and securities lending business, in a bid to further improve market liquidity and pricing efficiency.
Securities / Derivatives
ESMA Recognises Bursa Malaysia Derivatives Clearing as TC-CCP
By Editors | 16/11/2022
The recognition will make it easier and more cost-effective for European counterparties to access Malaysia’s derivatives market.
Market Infrastructure
Chinese Firms Continue to List GDRs on SIX Swiss Exchange
By Editors | 16/11/2022
Since July eight Chinese companies have raised more than USD 2.5 billion via GDR listings on the SIX Swiss Exchange.
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