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    388   HK0388045442

HONG KONG EXCHANGES AND CLEARING LIMITED

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Regulators tell exchanges to get ready for "hybrid" working

01/13/2022 | 04:01pm EST
FILE PHOTO: People are seen on Wall Street outside the NYSE in New York

LONDON (Reuters) - Global securities regulators began reviewing on Thursday whether to toughen up operational resilience at exchanges and other market infrastructure in light of the extreme trading volatility in 2020 when economies went into lockdown to fight the pandemic.

While much trading is already electronic, the curbs led to the New York Stock Exchange and London Metal Exchange temporarily closing their floors at a time when trading in markets was at its most volatile since Black Monday in 1987 in the United States.

Current resilience requirements for exchanges, clearing houses and settlement systems worked well, but there are opportunities for further improvements, the International Organization of Securities Commissions (IOSCO) said in a statement.

There is a need for greater automation and less dependence on physical documents and manual processes to better accommodate people working from home, said IOSCO, which groups market regulators from the United States, Europe, Asia and Latin America.

Business continuity plans of some firms did not anticipate how to deal with access to primary and back up sites not being available for a prolonged period, IOSCO added in a paper out to public consultation.

Many businesses are expected to return to a "hybrid" mix of employees splitting their time between the office and home, which raises similar challenges as full time remote working, IOSCO said.

"As large scale remote and hybrid working are new for many regulated entities, the risks and controls are still being evaluated and tested," it said.

Market infrastructure firms should re-evaluate and update their business continuity plans, IOSCO said.

(Reporting by Huw Jones; Editing by David Gregorio)


ę Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
BLACKROCK, INC. -0.78% 825.5 Delayed Quote.-9.84%
CME GROUP INC. 2.74% 229.62 Delayed Quote.0.51%
DEUTSCHE BÖRSE AG 1.23% 160.1 Delayed Quote.7.51%
EURONEXT N.V. 0.29% 86.45 Real-time Quote.-5.53%
HONG KONG EXCHANGES AND CLEARING LIMITED 0.84% 456.4 End-of-day quote.0.22%
LONDON STOCK EXCHANGE PLC 1.61% 7550 Delayed Quote.7.36%
ON SEMICONDUCTOR CORPORATION -6.38% 59.01 Delayed Quote.-13.12%
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Analyst Recommendations on HONG KONG EXCHANGES AND CLEARING LIMITED
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Financials
Sales 2021 21 432 M 2 751 M 2 751 M
Net income 2021 13 105 M 1 682 M 1 682 M
Net cash 2021 123 B 15 812 M 15 812 M
P/E ratio 2021 44,3x
Yield 2021 2,00%
Capitalization 577 B 74 112 M 74 127 M
EV / Sales 2021 21,2x
EV / Sales 2022 18,6x
Nbr of Employees 2 204
Free-Float -
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Technical analysis trends HONG KONG EXCHANGES AND CLEARING LIMITED
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TrendsNeutralBearishNeutral
Income Statement Evolution
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Mean consensus OUTPERFORM
Number of Analysts 26
Last Close Price 456,40 HKD
Average target price 526,93 HKD
Spread / Average Target 15,5%
EPS Revisions
Managers and Directors
Alejandro Nicolas Aguzin Chief Executive Officer & Director
Chi Kin Tai President & Chief Operating Officer
Bik Yun Lau Group Chief Financial Officer
May Lung Cha Non-Executive Chairman
Chung Kwong Leung Group Chief Technology Officer
Sector and Competitors