Market Infrastructure

EMIR Refit Technical Standards Published in Official Journal

12/10/2022

Under the standards, reporting of the CDE, LEIs, ISINs, UTIs and UPIs to trade repositories are mandated, in XML format using ISO 20022.

Fintech / Regtech

Worldline, NPCI to Enable Indian UPI Payments Across Europe

12/10/2022

The first target markets are set to include Benelux (Belgium, the Netherlands, and Luxembourg) and Switzerland, with further plans for expansion.

Enforcement

UK FCA Queries Banks About Staff Messaging Practices

12/10/2022

The queries come after US regulators collected over $2bn in combined penalties from firms for failures to maintain, preserve, or produce staff communication records.

Market Infrastructure

FSB Unveils Proposed Global Regulatory Framework for Crypto

12/10/2022

The framework covers all crypto-asset activity, as well as associated issuers and service providers, that have the potential to pose financial stability risks.

Capital / Liquidity

ECB Cautions European Banks on Bonus, Dividend Payouts

11/10/2022

The ECB is reportedly concerned that a sharper slowdown next year could trigger a wave of defaults, and that banks may be underestimating the risks.

Securities / Derivatives

Bangladesh Starts Trading Government Securities on Exchanges

11/10/2022

Allowing government securities to trade on the stock market is expected to enhance the demand for fixed income instruments.

Fintech / Regtech

RBI Launches DAKSH, a New Supervisory Monitoring System

11/10/2022

The system will be used to monitor compliance and improve compliance culture at supervised entities such as banks and NBFCs, the RBI said.

ESG / Sustainability

CSX Set to List Cambodia’s First Green Bond

11/10/2022

The issuance will still need approval from the securities regulator, but it will be the first green bond to list on the Cambodia Securities Exchange.

Capital / Liquidity

Five Taiwan D-SIBs Fail to Meet Capital Requirements

11/10/2022

The FSC says CTBC Bank was the only Taiwanese D-SIB that meet its prescribed capital requirements as of the end of June.