Latest Market Intelligence on Global Capital Market Infrastructures

August, 2011

Thomas Murray - Monthly Newsletter

As a local market infrastructure entity or interested participant, Thomas Murray is pleased to send you our August 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, 150 Central Securities Depositories and have Capital Market Infrastructure Risk Rating Reports on over 90 markets worldwide, assessing the post trade risk exposures faced by international investors.

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Top Stories

Hong Kong - HKEx Consults on Clearing Risk Management Reforms

The Hong Kong Exchanges and Clearing Limited has published a consultation paper on the proposed risk management framework reforms for its three clearing houses. The salient points proposed in the consultation paper...

Global - Summary of T2S Progress

Further to our previous newsflashes, during the recent TARGET2-Securities Advisory Group (T2S AG) meeting, an update on the T2S project was presented. The salient points of the meeting are as follows...

Israel - Settlement Cycle for Equities and Mutual Funds to Be Changed from T+0 to T+1

The Tel Aviv Stock Exchange Clearing House (TASECH) plans to change the settlement cycle for equities and mutual funds from T+0 to T+1 in December 2011. The number of settlement batches...

Peru - New Law on Capital Market

The Peruvian authorities have recently published Law No. 29720, which amends the Peruvian capital market legal framework (legislative decree 861). The main points of the amendments are as follows...

Ukraine - Bonds to be Issued in Dematerialised Form Only

Further to our previous market newsflash, the Parliament of Ukraine has introduced some amendments to the Law on Securities and Stock Market. According to the amendments, effective from 1 January 2012...

Total Number of Thomas Murray Flashes Issued: July 2011

Depository/CSD Risk Flashes: 77 (921 year on year)
Capital Market Infrastructure Risk Flashes: 76 (917 year on year)

Worth Knowing

Depository Risk Flashes

Brazil - New Pricing Policy at BM&FBOVESPA

Greece - HELEX to Join TARGET2 for Cash Settlement

Korea - KSD to Restrict Non-DVP OTC Bond Settlement

Russia - NSD and DCC Extend Operational Hours of NSD-DCC Bridge

United Arab Emirates - ADX CSD Rating Upgrade

Capital Market Infrastructure Risk Rating Flashes

Belarus, Kazakhstan, Russia - NSD to Act as Substitute Numbering Agency in Belarus and Kazakhstan

Canada - Maple Group to Acquire TMX

Italy - Borsa Italiana to Migrate to Millennium IT

Romania - NBR Implements Link to TARGET2

Singapore - MAS Revises Capital Requirements for Locally-Incorporated Banks

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For further information contact:

Derek Duggan, Director, Data Services
Tel: +44 (0)20 8600 2300
Email: dduggan@thomasmurray.com