MARKET INFRASTRUCTURE

Capital / Liquidity

FSB to Develop and Run Global Bank Stress Test

By Manesh Samtani | 31/03/2023

The FSB’s work programme for 2023 includes plans to develop and run a global bank stress test in cooperation with the BCBS.

Market Infrastructure

LME Group Unveils Plans to Strengthen Metals Markets

By Editors | 30/03/2023

The LME is making daily price limits permanent, revising its margin methodology, and developing a China-based spot market offering for Class II nickel products.

Market Infrastructure

South Korea Grants Clearstream QFI Status

By Editors | 30/03/2023

The QFI status will enable Clearstream to offer omnibus account services for Korea Treasury Bonds and Monetary Stabilisation Bonds.

Enforcement

ASIC Commences Probe into Regulatory Breaches by ASX

By Sanday Chongo Kabange | 30/03/2023

ASIC is investigating whether ASX breached the law in its oversight of and disclosures relating to the CHESS replacement programme.

Capital / Liquidity

HKEX to Increase Size of Futures Market Reserve Fund

By Manesh Samtani | 30/03/2023

HKFE Clearing Corporation has revised the default assumption used in calculating the Reserve Fund size.

Market Infrastructure

CPMI Calls for Action to Boost PvP Adoption in FX Trades

By Editors | 29/03/2023

CPMI proposes steps private and public sector stakeholders can take to foster greater PvP adoption in FX trades to reduce settlement risk.

Market Infrastructure

Get Ready for Final LIBOR Switch, says ISDA Chief

By Editors | 28/03/2023

The final switch to ARRs for the remaining USD LIBOR-linked contracts will entail “an extra level of complexity”, says Scott O’Malia.

Market Infrastructure

Australia Hit by New String of Cyber Attacks

By Editors | 27/03/2023

NGS Super, Crown Resorts and Latitude Financial Services have all disclosed this week that they were subject to cyber attacks.

Market Infrastructure

Hong Kong: New Regime for Depositaries to Start in Oct 2024

By Sanday Chongo Kabange | 27/03/2023

Electronic licensing forms for RA 13 will be available in Q3 2023. Depositaries operating in Hong Kong will then have four months to submit a licensing application.