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Thomas Murray Data Services
Securities Newsletter

November 2013

As a local market infrastructure entity or interested participant, Thomas Murray Data Services is pleased to send you our November 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.

We would value your feedback on this newsletter. Should you wish to find out about subscribing to our services please feel free to contact us.

CMI in Focus - Pre-Funding Settlement Models: Account Setup and Associated Risks

Thomas Murray Data Services maintains a wealth of information through the whole post-trade lifecycle of securities. In a series of monthly reports, Thomas Murray Data Services will be investigating global trends in the industry through analysis of particular areas of capital market infrastructure.

This month's CMI in Focus looks at pre-funded markets where securities for settlement must be positioned prior to trade, and in particular the risks surrounding the account structures employed by settlement participants in this type of market model.

Click here to read the full article

Click here to read the full article.

Top Stories

Global - IOSCO Launches its First Securities Markets Risk Outlook

16 October, 2013

On 15 October 2013, the International Organisation of Securities Commissions (IOSCO) published the IOSCO Securities Markets Risk Outlook for 2013-2014. The report highlights important trends, vulnerabilities and risks in securities markets that may be of concern from a systemic perspective...

Kenya - NSE to Commence Listing and Trading of REITs

24 October, 2013

The Capital Markets (Real Estate Investment Trusts) (Collective Investment Scheme) Regulations, 2013 were gazetted by the Cabinet Secretary for the National Treasury on 18 June 2013...

Qatar - Qatar Holding Acquires NYSE Euronext's Stake in QE

01 October, 2013

Qatar Holding, the investment arm of the Qatar Investment Authority (QIA), has signed an agreement with NYSE Euronext which provides for the sale of NYSE Euronext's 12% stake in Qatar Exchange (QE) to Qatar Holding...

Singapore - Assessment of Money Laundering and Terrorist Financing Risks in Singapore

22 October, 2013

Singapore has launched a comprehensive assessment of Money Laundering (ML) and Terrorist Financing (TF) risks. The National Risk Assessment (NRA) is an ML/TF risk audit of the financial sector as well as the designated non-financial businesses and professions in Singapore...

Spain - BME Launches MARF

07 October, 2013

In an update to our previous newsflash, Bolsa y Mercados Españoles (BME) announced the launch of Mercado Alternativo de Renta Fija (MARF), the new fixed income market aimed at medium and small-size enterprises, almost exclusively reliant on the banking system...

Total Number of Thomas Murray Flashes Issued: October 2013

Securities Market Profiles Flashes: 303 (3122 year on year)

Central Securities Depository Flashes: 80 (1050 year on year)

Capital Market Infrastructure Flashes: 90 (1124 year on year)

Worth Knowing

Depository Risk Flashes

Chile - DCV Gets International Certification on Business Continuity

Germany - CBF to Shorten Market Claims Auto-Compensation Period

India - RBI to Launch New RTGS System

UK / Ireland - Consultation on Settlement Finality of Complex Transactions - Update

USA - New Implementation Timeline for DTCC's Settlement Matching Initiative - Update

Capital Market Infrastructure Risk Rating Flashes

Bolivia - ASFI Amends Procedure to Grant Clearing House Licence

Italy - CC&G Launches Central Counterparty Service for Markets Settling at ICSDs

Japan - Merger between JSCC and JGBCC - Update

Ukraine - NDU Starts Operating as Single CSD for Non-Government Securities

Zimbabwe - Plan to Establish CSD - Update

In Focus

Latest Opinions

US grants acceptance of approved global LEIs

Increased transparency increases competition, says outgoing CFTC chairman Gary Gensler

EMIR Counterparty Classification Tool launched by ISDA

Financial Transaction Tax 'poses enormous risk' to those involved

CCPs are an unnecessary addition to systemic risk, says Manmohan Singh

CCP in Focus - Indirect Clearing: Capital treatment and other confusions

Trade reporting commences for Australian banks

Contact Us

For further information on Securities contact:

Derek Duggan
dduggan@ds.thomasmurray.com
Tel. +44 (0) 20 8600 2300

For editorial enquiries contact:

Miles Reucroft
mreucroft@ds.thomasmurray.com
Tel. +44 (0) 20 8600 2300

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About Thomas Murray Data Services

Thomas Murray Data Services is a specialist custody rating, risk management, research and information provider specialising in the global securities services industry.

Our range of products and services provide reports on over 250 custodians, 130 central securities depositories and 100 markets globally.

© 2013 Thomas Murray Network Management Ltd.
Tel: +44 (0) 20 8600 2300   Email: enquiries@ds.thomasmurray.com
Registered Office: Horatio House, 77-85 Fulham Palace Road, Hammersmith, London W6 8JA