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Market Infrastructure
MUFG Becomes First Japanese Bank to Join CLSNet
By Editors | 01/12/2022
MUFG says CLSNet will enable it to improve operational efficiency and reduce risk for currencies that are not currently eligible for CLSSettlement.
Capital / Liquidity
RBI, FSA Agree to Improve Mutual Cooperation on CCPs
By Editors | 01/12/2022
The letters of cooperation come after two years of negotiations between Indian and Japanese regulators on CCPs.
Fintech / Regtech
EU’s Digital Operational Resilience Act Wins Final Approval
By Manesh Samtani | 01/12/2022
All financial entities and the third parties that provide them ICT-related services will have to adhere to DORA requirements from around the end of 2024.
Crypto / Digital Assets
More Than 500 Banks Have Now Adopted ‘Swift Go’
By Editors | 30/11/2022
Swift outlines progress made in 2022 toward the G20’s goals for enhancing cross-border payments, including through CBDC experimentation.
Market Infrastructure
FSC Korea to Ease Regulations to Lure Global Investors
By Sanday Chongo Kabange | 30/11/2022
Foreign investors will no longer need to register their identities prior to investing in Korean stocks. The dividend-payment process is also being revised.
Market Infrastructure
CPMI, IOSCO Identify Cyber Resilience Weaknesses at Some FMIs
By Editors | 30/11/2022
Some financial market infrastructures have not yet developed their cyber response and recovery plans to meet the two-hour recovery time objective.
Capital / Liquidity
BCBS Warns of Risks from Bank Exposures to Leveraged NBFIs
By Editors | 30/11/2022
Bank exposures to NBFIs, particularly highly leveraged firms, could lead to excessive risk concentration and potential liquidity issues.
Enforcement
Australia Passes Bill Raising Penalties for Privacy Violations
By Manesh Samtani | 29/11/2022
The legislation also amends the extraterritorial jurisdiction of the Privacy Act to bring into scope foreign firms conducting business in Australia.
Enforcement
APRA to Intensify Industry Scrutiny Following Medibank Hack
By Sanday Chongo Kabange | 29/11/2022
APRA to intensify supervision of all entities not meeting CPS 234. Medibank executive pay could be impacted.
Big Picture
COP27: What Lies Ahead for the Future of Climate Finance?
By Michael Sheren | 29/11/2022
MVGX President Michael Sheren discusses key takeaways from COP27 and the importance of regulation and high-integrity standards for carbon markets.
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