Market Infrastructure

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.

Market Infrastructure

BOJ Issues Consultation on Use of Synthetic JPY LIBOR

By Editors | 05/10/2021

Input is sought on the special circumstances in loan and bond contracts that would make transition difficult and the specific details of such circumstances.

Market Infrastructure

SFC Issues New Guidance on Remote Working Risks

By Manesh Samtani | 05/10/2021

The SFC describes incidents that occurred due to failures to split teams amid the pandemic, set up phone recording, and promptly isolate a server compromised by ransomware.