FSC chair Eun Sung-soo has confirmed the ban will not expire in March but will remain until 2 May, at which point short selling may resume on KOSPI 200 and KOSDAQ 150 stocks
To avoid damaging market liquidity and stability, the trade body suggests the CSDR settlement discipline regime should be split in two, with cash penalties going live in February and the buy-ins held pending a “in-depth assessment"
EACH explains that a delay to CSDR’s SDR would provide market infrastructures and other market participants sufficient time to implement and would also avoid unnecessary duplicative implementation costs
ICMA has presented a ‘waterfall’ of proposals for implementing the SDR, based on its members’ assessment of what it considers most optimal in terms of minimising disruption to Europe’s bonds markets while still attaining the objectives of CSDR
The utilisation of CDS’ Post-Trade Modernisation settlement platform and Euroclear’s Collateral Highway will enable market participants to mobilise collateral assets across repo, securities lending, cleared and uncleared margin accounts
IHS Markit has enhanced its ETF collateral lists to accelerate counterparty borrowing with the help of Barclays, BlackRock, BNY Mellon, Citi, Credit Suisse, HSBC, J.P. Morgan and State Street
