MARKET INFRASTRUCTURE

    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.

    Market Infrastructure

    Hong Kong Launches Platform to Accommodate Multiple CRAs

    By Manesh Samtani | 29/11/2022

    The Credit Reference Platform is a key step towards introducing multiple CRAs in Hong Kong, a plan set into motion by TransUnion’s 2018 data breach.

    Market Infrastructure

    India to Move F&O Stocks to T+1 Settlement in January

    By Editors | 29/11/2022

    The initial plan was to move stocks for which futures and options are available to the new T+1 settlement cycle in two batches.

    Market Infrastructure

    HKMA Issues Guidance on Protecting Against DDoS Attacks

    By Editors | 28/11/2022

    The guidance focuses on risk assessment, anti-DDoS control architecture, third party governance, and incident response and escalation.

    Market Infrastructure

    CSRC Issues Technology Standards for Securities, Futures Firms

    By Editors | 26/11/2022

    Seven new standards include guidance to help firms improve information security, protect key data including client information, and ensure the continuity of their IT services.

    Market Infrastructure

    UK Finalises South Korea Data Adequacy Decision

    By Editors | 25/11/2022

    UK organisations will be able to securely share personal data, including credit information, with South Korea before the end of the year.

    Market Infrastructure

    India Publishes New Data Protection Bill for Consultation

    By Manesh Samtani | 25/11/2022

    The bill will ease India’s data localisation requirements, allowing data fiduciaries to transfer personal data to countries that are approved by the government.

    Market Infrastructure

    Swap Connect Launch Facing Likely Delay – Report

    By Editors | 25/11/2022

    Opening China’s USD 5 trillion swap market to foreign investors will enable them to better manage interest rate risks arising from Chinese bond investments.

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