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Big Picture
Industry Group Considers Options for Protecting Data at FMIs
By Editors | 23/09/2021
There is no standard approach to identifying the types of data that need to be protected, nor the manner in which that data should be protected.
Market Infrastructure
BNM Issues New Regulatory Requirements for Merchant Acquirers
By Editors | 23/09/2021
The new requirements will ensure merchant acquiring services have measures in place to manage settlement risk, financial risk, fraud risk, technology risk and cyber risk.
Enforcement
Japan FSA to Oversee System Improvements at Mizuho – Report
By Editors | 22/09/2021
An FSA team will directly oversee a system inspection and improvements at Mizuho following seven system failures at the bank this year.
Market Infrastructure
Valuations of ESG Assets May be Stretched, BIS Warns
By Manesh Samtani | 21/09/2021
The BIS compares the ESG boom to railroad stocks in the mid-1800s, internet stocks during the dotcom bubble, and MBS during the GFC.
Market Infrastructure
BSP Issues Governance Policy for Operators of Payment Systems
By Editors | 21/09/2021
Payment system operators including banks and electronic money issuers have six months to comply with the requirements.
Market Infrastructure
Canada Implements Financial Benchmarks Regulatory Regime
By Editors | 21/09/2021
CDOR is designated as a critical benchmark and Refinitiv Benchmark Services is designated as its administrator.
ESG / Sustainability
BCBS Calls on Banking Sector to Enhance Cyber Defences
By Editors | 21/09/2021
Remote work arrangements and digital financial services have “enlarged banks’ attack surfaces”, creating opportunities for malicious actors, the BCBS said.
Market Infrastructure
OSE, TOCOM Launch New Derivatives Trading System
By Editors | 20/09/2021
J-GATE 3.0 will help to expand market liquidity and improve reliability and convenience for investors and trading participants.
Fintech / Regtech
PBOC Targets February 2022 Launch of Digital Yuan
By Sanday Chongo Kabange | 20/09/2021
The e-CNY has built-in functionality to enable self-executing payments via smart contracts. The PBOC aims to fully launch the CBDC by the 2022 Winter Olympics.
Market Infrastructure
BSP Instructs Banks to Proactively Transition from LIBOR
By Editors | 20/09/2021
The BSP is not looking to prescribe specific alternative reference rates for use by Philippine banks, saying these choices should be market-driven.
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