MARKET INFRASTRUCTURE

    Fintech / Regtech

    PFMI Applies to Global Stablecoins, CPMI & IOSCO Confirm

    By Editors | 07/10/2021

    The transfer function of a stablecoin arrangement is “comparable” to the transfer function performed by other types of financial market infrastructures.

    Market Infrastructure

    EDPB Issues Opinion on Adequacy of Korea Data Protection Regime

    By Editors | 07/10/2021

    The EDPB says Korea’s data protection framework presents “numerous similarities” to Europe’s, but certain aspects may require “a closer look and clarification”.

    Market Infrastructure

    Singapore Launches New Cybersecurity Strategy

    By Mark Johnston | 06/10/2021

    The strategy is underpinned by two foundational enablers: the development of a more vibrant cybersecurity ecosystem, and a more robust cyber workforce.

    Market Infrastructure

    GRI Puts Human Rights at Heart of New Standards

    By ESG Investor | 06/10/2021

    Sustainability reporting body provides greater clarity on materiality, launches sector-specific standards, strengthens the governance disclosures.

    Market Infrastructure

    CBSL Roadmap Outlines Six Month Plan to Stabilise Sri Lanka

    By Duruthu E Chandrasekera | 06/10/2021

    Export proceeds must be repatriated and converted to local currency. The loan moratorium will be unwound gradually. Liquidity support will be provided to banks.

    Big Picture

    IAIS Warns of Climate Risks Faced by Insurance Sector

    By Ranamita Chakraborty | 06/10/2021

    The IAIS estimates more than 35 percent of insurers’ investment assets are “climate-relevant”, i.e. exposed to climate risks.

    Big Picture

    FIA Calls for Deference in Derivatives Market Regulation

    By Ranamita Chakraborty | 05/10/2021

    FIA calls on regulators to recognise comparable home country regulation to promote more efficient and less costly market access.

    Market Infrastructure

    BSP Urges Passage of Bill to Tackle Rising Cybercrime

    By Ranamita Chakraborty | 05/10/2021

    The bill will strengthen the legal framework for financial consumer welfare and foster greater public awareness on cybersecurity, the BSP said.

    ESG / Sustainability

    IASB Launches Post Implementation Review of IFRS 9

    By Editors | 05/10/2021

    Among other areas, the review seeks input on the application of IFRS 9 to financial instruments with sustainability-linked features and cash flows linked to ESG targets.

    Fintech / Regtech

    HKMA Seeks Input on Technical Design for Retail CBDC

    By Manesh Samtani | 05/10/2021

    The technical architecture proposed in a new whitepaper includes a privacy preservation arrangement that also allows for transaction traceability.

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