Markets & Infrastructure

Clearing & Post-Trade

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.

Trading & Investment

Korea FSC Unveils New Risk Rating System for Investment Products

By Editors | 29/01/2023

Due for implementation in Q4, the new system will apply an industry-wide common standard to investment product risk ratings to improve reliability and comparability for investors.

Structural Regulation

Laos Closes All Non-State Currency Exchange Channels

By Editors | 29/01/2023

Currency exchange transactions in Laos can now only be done through state-run banks. The move has resulted in nationwide business disruptions.

Conduct, Culture & Accountability

Korea FSC Issues Guidelines on Employee Personal Trading

By Editors | 29/01/2023

Financial firms should strengthen their internal controls and pre-trade checks to ensure executives and employees are not using “borrowed” accounts for personal trading.

Market Abuse

US SEC to Prohibit Conflicts of Interest in Securitisation Transactions

By Editors | 27/01/2023

The rule, first proposed in 2011 but never finalised, will prohibit firms participating in asset-backed securities from betting against investors in those securities.

Conduct, Culture & Accountability

Morgan Stanley Fines Staff Over Use of Messaging Platforms

By Editors | 27/01/2023

The penalties ranged from several thousand dollars for some staff to more than USD 1 million for others, cut from past bonuses or future pay.

Cryptocurrency

ISDA Launches Standard Definitions for Digital Asset Derivatives

By Editors | 27/01/2023

ISDA says the definitions set clear provisions for execution and settlement and will help to reduce credit and market risk in digital asset trading.

Custody & Infrastructure

New Network Launches to Facilitate Stablecoin, CBDC Transfers

By Editors | 27/01/2023

Several Tier 1 banks are participating in POCs to test the Universal Digital Payment Network (UDPN) for cross-border transfers and swaps.

Structural Regulation

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.