Latest Market Intelligence on Global Capital Market Infrastructures

Top Stories

As a local market infrastructure entity or interested participant, Thomas Murray is pleased to send you our February newsletter. This newsletter provides access to the top stories we reported on as part of our on-going surveillance of local capital markets worldwide. We currently track over 100 securities markets, 140 Central Securities Depositories and have Capital Market Infrastructure Risk Rating Reports on over 88 markets worldwide, assessing the post trade risk exposures faced by international investors.

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Korea - Local Banks to Be Permitted to Lend Funds for Securities Investments

The Financial Services Commission (FSC) has submitted draft regulatory papers of the Banking Act to the Korean Parliament in order to remove the restriction on local banks providing cash loans...

Belgium, Finland, France, Netherlands, Sweden, UK - Euroclear Sets New Messages Standard for Corporate Actions

Euroclear SA/NV has received approval from the ISO 20022 registration bodies for a new set of ISO 20022 messages to be used. Starting in 2010, the new messages will be used by central securities depositories (CSDs)...

Colombia - BVC Amends the Settlement Postponement Procedures

The Colombian Stock Exchange (Bolsa de Valores - BVC) has made some changes to the rules regarding the extension of the settlement cycle for equities and fixed income transactions. The changes...

USA - Introduction of Fail Charges for Treasury Securities

Following an increase in the delivery failures of US Treasury securities, the Treasury Market Practice (TMPG) has issued a Trading Practice which recommends participants to adopt penalties...

Bulgaria - Draft Amendments to Shareholder's Rights Framework

The draft amendments to the local Public Offering of Securities Act, which will transpose provisions of the EU Shareholders' Rights Directive (2007/36/EC) into national law, have been approved by the Council of Minister of Bulgaria. The objectives of the draft amendments are...

Total Number of Thomas Murray Flashes Issued: Jan 2009

Depository/CSD Risk Flashes 86 (927 year on year)
Capital Market Infrastructure Risk Flashes 81 (758 year on year)

Worth Knowing

Depository Risk Flashes

Vietnam - Project to Implement SWIFT at VSD

Croatia - SDA’s New Pricelist - Update

Finland - APK Depository Report Update with Rating Upgrade to AA-

Peru - CAVALI (Peru) Depository Report Updated and Rating Adjustments

USA - DTC Eliminates Withdrawal of Physical Certificates for DRS-Participating Issues

Capital Market Infrastructure Risk Rating Flashes

United Arab Emirates - Reporting Requirement for Short Selling - Update

South Africa - JSE in Bid to Buy Bond Exchange - Update

Austria - Intraday Margining Rules

Taiwan - Change in the Settlement of Negotiated SBL Transactions

Hungary - Amendments to Capital Market Act

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