Fazzaco’s Post

The CySEC - Cyprus Securities and Exchange Commission recently took steps to address concerns over Aliaksandr Klimenka's indirect control of FXOpen EU Ltd, which operates FXOpen for European clients. #CySEC #FXOpen #RegulatoryAction #ShareholderInfluence #ForexRegulation #Compliance #InvestorProtection #CIFManagement #RegulatoryScrutiny #FXTrading

My latest for Finadium: a fixed income consolidated tape in Europe means lower market data costs for bonds that repo desks price out. Here's where developments are at.

LCH, a leading global clearing house, announces the expansion of its range of acceptable securities to include a number of fixed rate Danish covered bonds as collateral in LCH Ltd. The inclusion commenced from 16th December 2024. The acceptance of Danish covered bond collateral will be an important tool in improving collateral management optionality and capabilities for both the Danish and international markets. LCH and the member community are looking forward to a broad market adoption. Isabelle Girolami, CEO, LCH Ltd, said: “We are delighted to have collaborated with Finance Denmark and their members, in order to expand the range of eligible collateral at LCH Limited to include fixed rate Danish covered bonds. By accepting this collateral type, we are able to further support our members’ needs and bring further efficiencies to the Danish clearing ecosystem.” Anders Schou, Economic Executive Director, Finans Danmark, said: “We are proud to work closely with our members and LCH in support of their expansion of eligible collateral to include Danish covered bonds. This is an important milestone which emphasizes the high liquidity and resilience in the Danish covered bond market.”

Maturity of MBS Securities. This is an important milestone. Private Issued MBS without any goverment backing is accepted as collateral. This is truly a benchmark the European ABS/MBS market should aim for.

The Q1 NZX Issuer Update is out 📬 In January the Listing Rules were amended in relation to raising capital. In this issuer update we highlight disclosure that issuers must make when placing shares using placement capacity. The update also highlights that trading halt applications will now be published to market, and discusses a recent NZMDT decision about corporate governance and annual reporting. NZ RegCo NZX Limited https://lnkd.in/gPZq2qWU

Cboe Clear Europe secures regulatory approval to launch SFT clearing. The pan-European clearing house is set to introduce a “first-of-its-kind” service for European SFT transactions in cash equities and ETFs https://lnkd.in/eFW3yddw #SecuritiesLending #banking

HKEX to Enhance Post-Trade Services for Cash Equities in 2025 New post-trade features will be rolled out progressively on Hong Kong Exchanges and Clearing Limited (HKEX)’s Orion Cash Platform (OCP) beginning in mid-2025. Securities and Futures Commission (SFC) https://lnkd.in/duDeGu7B

The Financial Stability Board (FSB) underscores the importance of the Legal Entity Identifier (LEI) in driving the future of cross-border payments.   Global adoption of the LEI continues to expand, with tangible progress in key markets such as OTC derivatives and securities. The LEI’s potential to improve transparency, efficiency, and security in cross-border payments remains significant as we look ahead. The FSB's roadmap for enhancing cross-border payments sets the stage for even greater financial inclusion and seamless international transactions.   At GLEIF, we are proud to support these efforts. We are committed to collaborating with industry leaders to ensure the LEI remains a cornerstone of trust in global finance. Together, we can create a more efficient, transparent, and secure financial ecosystem.   #LEI #CrossBorderPayments #GLEIF #FinancialInclusion #GlobalFinance #Transparency #Innovation

The Financial Stability Board (FSB) underscores the importance of the Legal Entity Identifier (LEI) in driving the future of cross-border payments.   Global adoption of the LEI continues to expand, with tangible progress in key markets #LEI #FinancialServices #GlobalFinance #GLEIF