Market Infrastructure

Market Infrastructure

India to Level Playing Field Through ‘Managed Co-location Services’

By Garima Chitkara | 12/04/2018

SEBI asks exchanges to provide technical know-how and expertise to small traders that buy their co-location services in order to level the playing field among exchange members.

Market Infrastructure

CPMI-IOSCO Publish Multi CCP Stress Testing Framework

By Editors | 12/04/2018

Framework supports stress tests examining potential macro-level impact of common stress event affecting multiple CCPs to gauge interdependencies between markets, CCPs and other entities.

Enforcement

Samsung Securities Dividend Error Prompts Industry Wide Probe

By Manesh Samtani | 12/04/2018

The firm mistakenly paid out dividends worth 33 times its market cap; FSS will inspect how unauthorised ‘ghost stocks’ were sold by employees.

Market Infrastructure

CPMI-IOSCO Issues Technical Guidance on OTC Derivatives Data

By Manesh Samtani | 12/04/2018

Guidance excludes UTI and UPI standards, includes parameters for how data should be reported rather than specific regulatory requirements.

Market Infrastructure

India Defers Bank Adoption of New Accounting Standard One Year

By Garima Chitkara | 09/04/2018

RBI defers banks’ adoption of the Indian version of IFRS by one year; banks deemed unprepared for migration, government is yet to make necessary legislative amendments.

Market Infrastructure

India Directs Payment Firms to Store User Data Onshore

By Garima Chitkara | 09/04/2018

Payment service providers have been asked to move all consumer data, including end-to-end transaction details to India within six months to ensure easier access by the central bank for supervisory purposes. Foreign firms to be impacted more than domestic firms.

Market Infrastructure

ASEAN ‘Close’ to Financial Services Free Trade Agreement

By Samuel Riding | 09/04/2018

Statement says deal on trade in services close to agreement, ASEAN members to also update wider agreement on cross-border services this year.

Market Infrastructure

MiFID II Could Kill Quality Investment Research

By Peter Guy | 09/04/2018

If almost all communications between sales-traders and clients is classified as “research”, severe distortions will hit the economics of quality investment insights.

Market Infrastructure

Bursa Malaysia Enhances Collective Investment Rules

By Editors | 07/04/2018

Unit holder protections, corporate governance, disclosure quality to be enhanced; applicable to REITs, ETFs, closed-end funds.