Trading & Investment

ASX Sets Out Measures for Handling Future Outages

24/10/2022

ASX will consult on a new automated service that can provide greater certainty about trade and order status, and a new ‘Cancel Only’ session state.

Cryptocurrency

US Tax Filing Instructions Amendments Includes NFT Reference

24/10/2022

The new language obliged individual taxpayers to report income received from disposals of NFTs, as well as any other “digital asset”.

Clearing & Post-Trade

India: ISDA Requests Details on CCIL’s Proposed UMR Services

24/10/2022

ISDA has responded to CCIL proposals to create a margining and collateral service for non-centrally cleared OTC derivatives trades in India.

Conduct, Culture & Accountability

ASIC Offers Recommendations on Improving Auditor Practices

24/10/2022

ASIC conducted a thematic review on root cause analysis practices at the six largest audit firms, ahead of ASQM 1 coming into effect on 15 December 2022.

Trading & Investment

Bangladesh: Slow Start for Govt Bond Trading on Exchanges

24/10/2022

Government bonds can now be traded on Bangladesh’s stock markets, but only very few trades have taken place so far.

Supervision & Enforcement

FCA Seeks £50m Penalty from Barclays for 2008 Deals

24/10/2022

Barclays did not disclose payments made to Qatari entities for their participation in two capital raisings during the GFC in 2008.

CBDCs

BIS Innovation Hub, HKMA Publish Project Aurum Findings

24/10/2022

A two-tier prototype system was developed to test intermediated CBDC as well as stablecoins backed by CBDC in the interbank system.

Credit Risk

HKMA Issues New Guidance on Investment Product Sales

24/10/2022

The new guidance covers investment product suitability, concentration risk assessments, and the sale of loss-absorption products.

Liquidity Risk

Korea to Buy Up Corporate Debt to Stabilise Markets

24/10/2022

Korea’s government has pledged KRW 50 trillion to buy up corporate debt, defer the return to 100 percent LCR, and supply liquidity to securities firms.