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Market Infrastructure
FSB Offers LIBOR Transition Update, Warns of ‘Residual Risks’
By Manesh Samtani | 19/12/2022
Regulators continue to express concerns that the use of Term SOFR and credit sensitive rates could draw away liquidity from the overnight SOFR derivatives markets.
ESG / Sustainability
Japan Finalises Code of Conduct for ESG Data Providers
By Manesh Samtani | 19/12/2022
The FSA is now calling on ESG evaluation and data providers to endorse the code of conduct, publish it on their websites, and notify the regulator.
Securities / Derivatives
HKEX Proposes to Further Expand Paperless Listing Regime
By Editors | 19/12/2022
Paperless initiatives announced since 2020 have improved efficiency and lowered costs for issuers, HKEX says, proposing changes to further simplify its administrative procedures.
Securities / Derivatives
ICE Opens Access Centres in Hong Kong, Shanghai, Tokyo
By Editors | 18/12/2022
ICE says the enhanced connectivity includes ultra-low-latency access to exchanges in Hong Kong, Shanghai and Tokyo.
Market Infrastructure
Japan to Raise Taxes on Wealthy Individuals, Corporations
By Mark Johnston | 18/12/2022
Taxes will be raised on those who earn over JPY 3 billion through stocks and real estate. A corporate surtax of 4 to 4.5 percent will also be adopted.
Market Infrastructure
US SEC Proposes Major Rule Changes to Improve Market Fairness
By Editors | 18/12/2022
The proposals include a new best execution regulatory framework, a new order competition rule, and requirements for brokers to provide better disclosures on execution quality.
Capital / Liquidity
PBOC Issues Draft Regulations for Financial Infrastructures
By Editors | 17/12/2022
The regulations cover registration and custody systems, clearing and settlement, trading facilities, transaction reporting databases, important payment systems, and credit reporting systems.
AML / KYC
Singapore Releases Blueprint to Combat Ransomware Attacks
By Mark Johnston | 17/12/2022
The blueprint includes recommendations to discourage ransomware payments and make it mandatory for organisations to report such payments.
Market Infrastructure
ASX Commits to Providing Certainty on Stability of CHESS
By Sanday Chongo Kabange | 16/12/2022
ASIC and the RBA asked ASX to issue a special audited report detailing arrangements to ensure the stability, security and resilience of the existing CHESS system.
Market Infrastructure
US Regulators Deem Audit Inspections of Chinese Firms a Success
By Manesh Samtani | 16/12/2022
The PCAOB did identify some deficiencies in their inspection work, but it was able to view complete audit work papers with no redactions.
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