Latest Market Intelligence on Global Capital Market Infrastructures

December, 2011

Thomas Murray - Monthly Newsletter

As a local market infrastructure entity or interested participant, Thomas Murray is pleased to send you our December 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, 130 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

Global - EC to Propose Regulation Imposing Fines on Failed Trades

According to press reports, the European Commission (EC) is to propose a draft regulation regarding the introduction of fines for failed trades by Central Securities Depositories (CSDs) in markets that do not apply such practice...

Korea - KSD Modifies Settlement Framework

The Korea Securities Depository (KSD) has postponed the implementation date of the proposed changes to the settlement framework, from 21 November to 26 December 2011. The details of the changes are summarised in the table below...

Oman - MCD To Introduce DVP Settlement Model

Further to our previous market newsflash, Muscat Clearing and Depository (MCD) plans to implement a DVP settlement model from Q3 2012. Along with DVP settlement, the following changes will be introduced...

Russia - Draft Law on CSD Concept - Update

Further to our previous newsflash, the Federation Council has approved the draft Central Securities Depository (CSD) law and the corresponding amendments to the Federal Law on the Securities Market. The law must...

USA - DTCC Proposes to Offer Registration Services as SWAPs Data Repository

The Depository Trust & Clearing Corporation (DTCC) has announced that it filed a registration application with the U.S. Commodity Futures Trading Commission (CFTC) to operate a swaps data repository (SDR)...

Total Number of Thomas Murray Flashes Issued: November 2011

Depository/CSD Risk Flashes: 100 (974 year on year)
Capital Market Infrastructure Risk Flashes: 109 (992 year on year)

Worth Knowing

Depository Risk Flashes

France - Triparty Collateral Management Offered at Euroclear France

Japan - JASDEC to Introduce Tolerance Matching in 2014

Mauritius - Amendments to CDS Guarantee Fund Procedures

Peru - Changes to Equities Settlement Fee

Turkey - CRA Plans to Introduce Auto Pre-matching Facility for FOP Equity Transactions

Capital Market Infrastructure Risk Rating Flashes

Brazil - Proposal to Launch a New Exchange in Brazil

Indonesia - Bapepam-LK Revises Net Adjusted Working Capital and Reporting Requirements for Securities Companies

Swaziland - Money Laundering and Financing of Terrorism (Prevention) Act 2011

Sweden - Higher Capital Requirements Proposed for Major Swedish Banks

UAE - Consultation on Draft Regulations on SBL, Short Selling, Market Making and Liquidity Providers

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For further information contact:

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