Markets & Infrastructure

Market Data & Technology

Japan’s Quick Corp Selected to Calculate, Publish Prototype Terms Rates

By Editors | 27/02/2020

Part of the Nikkei Group, Quick Corp will start preparing to calculate and publish prototype term rates based on JPY overnight index swaps.

Trading & Investment

ASX Finalises Changes to 3-year, 10-year Treasury Bond Futures Roll

By Editors | 27/02/2020

A consultation on the changes received 36 submissions, largely supportive of ASX’s proposals, citing reduced costs, operational efficiencies and improved order management capabilities.

Clearing & Post-Trade

SEBI Imposes New Margin Collection Norms on Brokers

By Editors | 27/02/2020

From 1 June, collateral accepted by brokers for margin purposes must be held in a separate demat account created in the depository system, tagged as ‘Client Securities Margin Pledge Account’.

Structural Regulation

New Securities Law Set to Take Effect in China

By Editors | 27/02/2020

The new law, set to take effect on Sunday, establishes the legal basis for the adoption of a registration-based IPO system across the entire A-share market.

Market Abuse

IOOF Faces Shareholder Class Action for Misconduct Non-disclosure

By Editors | 27/02/2020

Reports of potential misconduct first appeared in June 2015, followed by senate hearings and questioning from the Royal Commission, resulting in shareholder losses.

Trading & Investment

Central Bank to Discontinue Sri Lanka Inter-Bank Offered Rate

By Editors | 27/02/2020

This decision reflects the lack of SLIBOR’s usage of in benchmarking loan products in the domestic financial market, along with a global trend of phasing out IBORs.

Supervision & Enforcement

ASIC Reveals Sharp Increase in Investigations Involving Major FIs

By Editors | 27/02/2020

As of 1 January, ASIC had 316 investigations on foot related to misconduct. Cases involving CBA, NAB, Westpac, ANZ and AMP increased 52% from 12 months earlier.

Structural Regulation

BOE to Increase Haircuts on LIBOR-linked Collateral from October

By Editors | 27/02/2020

The market need to see a decisive acceleration in effort in 2020 to ensure risk-free rates are adopted and LIBOR is left behind for good, the BOE’s Andrew Hauser said.

Payments & Settlements

RBNZ Launches New Payment Settlement System

By Editors | 27/02/2020

Replacing a 20-year old system, the new payment settlement platform comprises an RTGS system known as ESAS 2.0 and a central securities depository called NZClear 2.0.