Markets & Infrastructure

Trading & Investment

ISLA Launches Working Group to Digitise the GMSLA

By Editors | 17/11/2022

The working group will initially focus on encoding the business outcomes from the ISLA Clause Library & Taxonomy into the Common Domain Model.

Trading & Investment

IBA Confirms Plans for Cessation of USD LIBOR ICE Swap Rate

By Editors | 17/11/2022

Publication of USD LIBOR ICE Swap Rate “runs” for all tenors will cease immediately after the rates are published on 30 June 2023.

Structural Regulation

SEBI Issues New Rules for Operators of Online Bond Platforms

By Editors | 17/11/2022

Online bond platform providers must have a stockbroker registration certificate from SEBI and be registered with the stock exchange.

Cryptocurrency

Korea FSS to Issue Accounting Guidelines for Crypto Firms

By Editors | 17/11/2022

The current accounting system in Korea does not provide options for companies dealing in crypto.

Clearing & Post-Trade

ASX Pauses CHESS Replacement Project to Reassess Design

By Manesh Samtani | 17/11/2022

ASX will write off about A$250mn in capitalised software, in response to an independent review by Accenture. ASIC and the RBA express disappointment.

Data Privacy

New Zealand Confirms Plans to Roll-out Out Open Banking

By Editors | 16/11/2022

The banking industry will be the first sector in New Zealand to implement a Consumer Data Right mechanism, like in Australia.

Structural Regulation

PCAOB Had “Good Access” During Hong Kong Audit Inspection – Report

By Editors | 16/11/2022

The PCAOB reportedly gained all the information it requested during its inspection, but a decision has not yet been made regarding its dispute with Chinese regulators.

Trading & Investment

Beijing Stock Exchange Marks First Anniversary Since Launch

By Editors | 16/11/2022

The BSE issued new rules for margin financing and securities lending business, in a bid to further improve market liquidity and pricing efficiency.

Clearing & Post-Trade

ESMA Recognises Bursa Malaysia Derivatives Clearing as TC-CCP

By Editors | 16/11/2022

The recognition will make it easier and more cost-effective for European counterparties to access Malaysia’s derivatives market.