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Market Infrastructure
Securities / Derivatives
DTCC Publishes Testing Framework for US Move to T+1 Settlement
By Editors | 30/01/2023
The testing framework assumes a September 2024 implementation date. Testing dates may have to change as regulators have not yet confirmed an implementation date.
Market Infrastructure
India Completes Transition to T+1 Settlement Cycle
By Editors | 30/01/2023
The final phase of India’s T+1 transition roadmap covered the country’s largest listed securities, which transitioned to the new settlement cycle on Friday.
Market Infrastructure
ESMA, FCA Agree MoU to Support Benchmark Recognition
By Editors | 26/01/2023
The MoU establishes cooperation arrangements and enables ESMA to start recognising benchmarks administrators from the UK.
Big Picture
Regulation Increasingly Seen as Effective Way to Boost Cyber Resilience
By Manesh Samtani | 25/01/2023
New report by World Economic Forum and Accenture finds that 73% of business leaders think regulations are effective in reducing cyber risks.
Market Infrastructure
NYSE System Issue Causes Trading Halts on Major Stocks
By Editors | 25/01/2023
The regular opening auction “did not occur” for a number of stocks so no opening price was printed. Executed trades will be declared “null and void”.
Crypto / Digital Assets
Korea to Improve Market Access for Foreign Investors, Allow STOs
By Editors | 25/01/2023
Korea will abolish the complex registration system for foreign investors, require English disclosures from listed companies, and establish a regulatory framework for security tokens.
Capital / Liquidity
US OCC Outlines Framework for “Too-Big-to-Manage” Banks
By Editors | 24/01/2023
The OCC is looking to provide more transparency into its escalation framework for dealing with banks that become too big to manage.
Market Infrastructure
Exchanges Publish Draft Rules to Expand Stock Connect
By Editors | 20/01/2023
The draft rules cover changes to align the Mainland and Hong Kong’s trading calendars and expand the scope of stocks that can be traded via Stock Connect.
Big Picture
Multilateral Platforms Will Benefit Cross-Border Payments
By Sanday Chongo Kabange | 20/01/2023
New paper from the BIS, IMF and World Bank assesses the benefits and challenges associated with using multilateral platforms for cross-border payments.
Market Infrastructure
BOJ Seeks Greater Control Over Yield Curve With Rule Change
By Editors | 19/01/2023
Under the revised rules, the BOJ can provide FIs both fixed and variable-rate loans across a range of tenors up to 10 years.
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