Clearing & Post-Trade

DBS Becomes LCH SwapClear’s First Direct Member in Singapore

18/10/2022

DBS will be able to post Singapore government bonds as collateral, making LCH the first global offshore clearing house to accept the asset class as eligible collateral.

Cybersecurity

FSB Proposes to Standardise Global Cyber Incident Reporting

18/10/2022

The FSB also proposes to develop a common format for cyber incident reporting, to promote global convergence and better communication among authorities.

Sustainable Finance

HKMC Publishes Social, Green, Sustainability Financing Framework

17/10/2022

The framework will be used as the basis to structure and issue social, green and/or sustainability bonds and asset-backed securities, the HKMC said.

Cryptocurrency

ASIC Places Interim Stop Orders on Three Crypto Funds

17/10/2022

Holon has disclosed the risk that assets in the three funds could face a total loss of value. ASIC considers the funds not suited to the “wide target market” defined in the TMDs.

Capital Adequacy

EU Regulators to Assess Bank Dividend Plans ‘Case-by-Case’

17/10/2022

Steven Maijoor, who serves on the ECB’s supervisory board, said regulators are asking banks to be restrained with dividends and share buybacks.

Cloud & Infrastructure

India Establishes Protocols for Interoperable Regulatory Sandbox

17/10/2022

The interoperable regulatory sandbox will enable firms to test innovative products and services that fall under multiple financial sector regulators.

Data Privacy

China to Interlink All Credit Reporting Systems Nationwide

17/10/2022

The PBOC will establish connectivity between all credit reporting systems and platforms nationwide, so data on each economic entity can be combined into a single “credit file”.

Trading & Investment

Philippine SEC Authorises Country’s First Corporate Debt Vehicle

17/10/2022

The fund will exclusively invest in debt securities such as bonds, notes, commercial paper, debentures, and other evidence of indebtedness.

Structural Regulation

SEBI Issues Framework for Dealing with CRA Licence Cancellations

17/10/2022

The new framework comes after SEBI for the first time cancelled the licence of a CRA, Brickwork Ratings India, and ordered it to wind down its operations within six months.