Market Infrastructure

ESG / Sustainability

IOSCO Announces Formal Endorsement of ISSB Standards

By Manesh Samtani | 25/07/2023

IOSCO is now calling on regulators around the world to consider adopting the ISSB standards in their local jurisdictions.

Market Infrastructure

PBOC Proposes New Rules on Data Security Management

By Editors | 25/07/2023

China’s central bank releases draft rules on data security management, applicable to both domestic as well as foreign-funded financial institutions.

Market Infrastructure

China Issues Draft Rules to Boost Cross-Border Trade and Investment

By Editors | 25/07/2023

China’s foreign exchange regulator, SAFE, proposes draft rules to advance cross-border trade, calling for public input until 2 August 2023.

Market Infrastructure

EU Reaches Agreement on Rule Enhancements for Investment Funds

By Editors | 25/07/2023

AIMA’s deputy CEO Jiri Krol said some restrictions are “difficult to justify” but that AIMA has worked with policymakers to ensure they are “better defined and calibrated”.

Market Infrastructure

Banks Targeted by Open-Source Software Supply Chain Attacks

By Editors | 24/07/2023

Checkmarx detected the first known open-source supply chain attacks targeting the banking sector.

AML / KYC

SEBI to Start Requiring FPIs to Provide LEI to Trade in India

By Editors | 23/07/2023

SEBI plans to give non-individual FPIs six months to provide an LEI, failing which their accounts will be blocked for further purchases.

Fintech / Regtech

Australia Approves Final Operational Enhancements To CDR Rules

By Sanday Chongo Kabange | 22/07/2023

Assistant treasurer Stephen Jones says the operational enhancements to the CDR rules will keep small business and customer data safer.

Market Infrastructure

US Launches Instant Payments Service, FedNow

By Editors | 21/07/2023

35 early-adopting banks and credit unions are ready with instant payments capabilities via FedNow, and 16 additional service providers are supporting payment processing.

Market Infrastructure

FSC Korea Grants First Preliminary Approval to ATS Platform

By Sanday Chongo Kabange | 21/07/2023

Nextrade, owned by 34 companies, will have 18 months to establish its systems and apply for final authorisation to operate its ATS platform.