Fintech / Regtech

ESMA Goes Live With New DLT Pilot Regime

23/03/2023

Firms can apply for permission to operate DLT-based market infrastructures and receive exemptions from the MiFIR, MiFID II and CSDR.

Enforcement

Australia: Ex-Tesla Director Sentenced for Insider Trading

23/03/2023

Tesla’s Australia director used confidential information to profit from buying and selling Piedmont Lithium shares on the ASX.

ESG / Sustainability

WFE Publishes Framework for Designating Equities as Green

23/03/2023

WFE members created a global framework for defining green equities, which will enable sustainability-focused investors to make more informed decisions.

Crypto / Digital Assets

FASB Opens Consultation on New Crypto Accounting Standard

23/03/2023

Fair value accounting will more accurately reflect the underlying economics of crypto assets and provide more decision-useful information.

Capital / Liquidity

BCBS to Assess Financial Stability Risks of Higher Interest Rates

23/03/2023

The BCBS will also consult on revisions to its Core principles for effective banking supervision and on a Pillar 3 disclosure framework for climate-related financial risks.

Securities / Derivatives

No Active Negotiations to Resolve India CCP Issue: ESMA

23/03/2023

EU banks will face a 1,250% risk weight on exposures to Indian CCPs after April. French and German regulators have given their banks 18 extra months to terminate Indian CCP memberships.

Fintech / Regtech

BIS Innovation Hub Completes Project Nexus Proof-of-Concept

23/03/2023

The next phase of Nexus will connect the instant payment systems of Singapore, Indonesia, Malaysia, Philippines and Thailand.

ESG / Sustainability

IASB to Explore How Financial Statements Could Better Reflect Climate Risks

23/03/2023

The IASB will ensure any proposals work well with the IFRS Sustainability Disclosure Standards due to be issued by the end of Q2 2023.

Fintech / Regtech

Korea to Launch Online Deposit Product Brokerage Service in June

23/03/2023

The service will allow consumers to compare and receive recommendations for deposit products from various FIs.