Fintech / Regtech

G7 Ministers to Endorse Guiding Principles for CBDC – Report

13/10/2021

The principles call for appropriate regulation and oversight, rigorous privacy and data protection standards, and safeguards to prevent fraud and sanctions evasion.

ESG / Sustainability

Japan to Consider Removal of Quarterly Reporting Requirement

13/10/2021

While some argue quarterly reporting helps investors make more informed judgments, regulators worry it incentivises short term profit seeking behaviour.

Market Infrastructure

ARRC Publishes Spread-Adjusted Fallback Recommendations

12/10/2021

The document provides a reference point for market participants to understand the ARRC’s current recommendations in relation to its fallback language.

Market Infrastructure

FSB Reports Progress on NBFI Risks, Cross-border Payments

12/10/2021

A letter to the G20 ministers from the FSB focuses on work to develop a more resilient NBFI sector and address challenges in cross-border payments.

Market Infrastructure

IBA Publishes ‘Beta’ Rates for SOFR Interest Rate Swaps

11/10/2021

The new rates will assist the non-linear market in its transition to SOFR, IBA said. Currently they are being published solely for information and illustration purposes.

ESG / Sustainability

Treasury, Other US Agencies Release Climate Action Plans

11/10/2021

The plan outline the steps the agencies will take to ensure their facilities and operations adapt to and are increasingly resilient to climate change impacts.

Securities / Derivatives

HKFE Obtains CFTC Certification for A-share Futures

11/10/2021

The new contract will commence trading next week. The certification means it can be offered and sold to persons in the US.

Enforcement

New Zealand FMA Censures Derivatives Issuer FIRMA NZ

11/10/2021

Firma NZ failed to conduct product suitability tests for clients and to regularly provide statements to investors. The contraventions were “persistent and systemic”.

Australia: Industry Bodies Call for Expansion of CSLR

11/10/2021

15 organisations call for the compensation scheme of last resort to include product providers, managed investment schemes and the funeral expenses industry.