Market Infrastructure

Securities / Derivatives

Nasdaq Seeks Approval for 23/5 Trading to Meet Global Demand

By Manesh Samtani | 16/12/2025

Proposal for 23-hour weekday trading aims to meet international investor demand but has raised concerns over liquidity and market volatility.

Market Infrastructure

ASIC Mandates Major ASX Overhaul, Imposes Capital Charge

By Sanday Chongo Kabange | 15/12/2025

ASIC imposes A$150m capital charge and forces board reforms after inquiry finds ASX prioritised profits over infrastructure stability.

Securities / Derivatives

SEBI Tightens Governance Rules for Market Infrastructure Institutions

By Nithya Subramanian | 15/12/2025

The reforms introduce two board-level Executive Directors, revamp reporting lines for key personnel, and strengthen technology and risk oversight functions.

Fintech / Regtech

Swift, HSBC and Ant Pilot Tokenised Deposits for Cross-border Payments

By Editors | 15/12/2025

The proof of concept used the ISO 20022 standard over Swift's network to address interoperability and compliance challenges for digital assets.

Securities / Derivatives

FIA Seeks Refinements to Hong Kong Investor ID Plan for Derivatives

By Sanday Chongo Kabange | 15/12/2025

The FIA has backed the plan in principle but is calling for significant operational adjustments to reduce complexity and align with market practices.

Market Infrastructure

Rules vs Principles: New Research Quantifies Impact on Economic Stability

By Manesh Samtani | 15/12/2025

A new quantitative study shows rules-based regulation dampens volatility, but implementation quality matters more than the label for mature hubs.

Securities / Derivatives

BCBS, IOSCO Publishes Assessment of Global UMR Implementation

By Manesh Samtani | 15/12/2025

The assessment finds no material issues with the rules, highlights success in increasing collateralisation, and provides insights into current market practices.

Fintech / Regtech

BIS Bulletin Calls for Regulatory Action on Cross-Border Payments

By Manesh Samtani | 13/12/2025

The bulletin says inconsistent jurisdictional implementation is slowing progress, urging action on standards and non-bank access.

Securities / Derivatives

China to Guide Bank Lending, Deepen Capital Market Reform in 2026

By Editors | 13/12/2025

Beijing signals proactive fiscal and monetary policy while tasking financial institutions with supporting key sectors and managing property risks.