Monica Singer has said that South Africa’s Central Securities Depository (CSD) strongly advocates the Principles for Financial Market Infrastructures (PFMIs) published by …
Continue readingStrate Waives Fees for Phase 1 of the JSE T+3 Project Implementation
Over the weekend of 20-22 July 2013, the Johannesburg Stock Exchange (JSE) implemented Phase 1* of its T+3 Project aimed at reducing the settlement cycle from the current T+5 to T+3. Phase 1 of the project involved separating JSE Members’ proprietary and controlled accounts at both Strate and at the CSD Participants…
Continue readingNew CPSS IOSCO Principles are leaving nothing to chance
The infamous largest passenger liner of its time, the RMS Titanic, promised the world it would not sink and yet its powerful design still was no match for the iceberg that sent it to its underwater grave. Similarly, there were those financial entities who claimed that they were too large to fail …
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