BIG PICTURE

Big Picture

AFME Considers Implications of an EU Move to T+1 Settlement

By Editors | 23/09/2022

AFME acknowledges the benefits of T+1 settlement but calls for an industry task force to be set up to conduct a detailed assessment.

Capital / Liquidity

Basel III to Have Muted Capital Impact in APAC: Fitch

By Editors | 19/09/2022

The impact of the final rules will be much lower in APAC than in Europe and the US because APAC jurisdictions rely less on internal models, Fitch says.

Market Infrastructure

BIS Explores How Central Banks View Cyber Threat Landscape

By Manesh Samtani | 15/09/2022

Central banks are prioritising investment in technical security control and resiliency, embracing risk management concepts, and adopting ‘zero-trust’ models.

Crypto / Digital Assets

Asset Tokenisation Increasingly Relevant in ‘Crypto Winter’ – Report

By Manesh Samtani | 14/09/2022

A new report from BCG and ADDX projects a 50-fold increase in tokenised assets by 2030, bringing the market’s value to over $16 trillion.

AML / KYC

FSDC Calls for Review of Hong Kong ‘Suitability’ Framework

By Manesh Samtani | 13/09/2022

The FSDC says Hong Kong’s suitability framework has grown too “complex” and the suitability obligations are “overly prescriptive”.

Securities / Derivatives

CPMI, IOSCO Consider Ways to Boost Client Clearing Access

By Editors | 08/09/2022

Practices to facilitate porting need to be further developed to ensure clients can continue to access clearing in the event of an intermediary default.

Big Picture

ASIFMA Offers Guidance on Identifying Labour-related ESG Risks

By Manesh Samtani | 08/09/2022

ASIFMA’s new paper says open dialogue and engagement is needed for investors to better understand the labour practices of investee companies.

ESG / Sustainability

More Sustainability Roles Emerging in Finance, Accountancy Sectors

By Editors | 31/08/2022

A study published by ISCA, EY, SMU and SAC identifies three trends in sustainability that will expand the current job roles and skills required for accountancy and finance professionals.

Big Picture

BIS Examines Adequacy of Operational Resilience Requirements

By Editors | 31/08/2022

Bigtech groups that are interconnected within the financial industry should be subject to group-wide requirements on operational resilience.