Market Infrastructure

Fintech / Regtech

IOSCO Offers Guidance on Developing Innovation Facilitators

By Editors | 07/12/2021

IOSCO sets out key considerations for regulators who are looking to establish innovation hubs, regulatory sandboxes, and regulatory accelerators.

Crypto / Digital Assets

ASIC Flags Supply Chain Risk as Key Cyber Resilience Concern

By Sanday Chongo Kabange | 07/12/2021

Failure to invest in supply chain risk management could lead to significant consumer harm that might warrant ASIC investigation and action.

Market Infrastructure

Chinese Regulators Respond to Evergrande Default Fears

By Manesh Samtani | 06/12/2021

Government officials have been dispatched to China Evergrande Group to form a risk management committee to oversee risk management and strengthen internal controls.

Market Infrastructure

USD Cross-currency Derivatives to Use SOFR from 13 December

By Editors | 06/12/2021

Under part two of the second phase of SOFR First, interdealer brokers are asked to use SOFR instead of LIBOR in the USD leg of all newly-executed cross-currency derivatives.

Market Infrastructure

FSB Reports Further Progress on OTC Derivatives Reforms

By Editors | 05/12/2021

15 out of 24 FSB member jurisdictions have implemented higher capital requirements for non-centrally cleared derivatives, compared to just 8 in 2020.

ESG / Sustainability

Taiwan Issues Climate Risk Disclosure Guidelines for Banks, Insurers

By Manesh Samtani | 05/12/2021

The first disclosures are expected to be published by the end of June 2023, covering governance, strategy, risk management, and metrics and targets.

Market Infrastructure

Thai SEC to Enhance Capital Market Resilience to Cyber Risk

By Editors | 04/12/2021

Under revised rules, market participants are required to and enhance cybersecurity control measures, vulnerability assessments, penetration testing and third-party access controls.

ESG / Sustainability

BOJ Outlines Three ‘Essential’ Elements of Climate Response

By Mark Johnston | 03/12/2021

BOJ governor Haruhiko Kuroda discussed scenario analysis, sustainable finance, and enhanced disclosures.

Capital / Liquidity

CBIRC Issues Clarification on Close-out Netting Enforceability

By Manesh Samtani | 02/12/2021

The CBIRC seeks to clarify the enforceability of close-out netting in China, saying the labelling of the country as a “non-netting jurisdiction” has harmed its financial institutions.