Market Infrastructure

Market Infrastructure

RBI Issues New Guidelines on Outsourcing for Coop Banks

By Editors | 03/07/2021

Cooperative banks should not outsource policy formulation, internal audit, KYC compliance, credit approval and portfolio management.

Market Infrastructure

MAS: Remaining Amendments for BAA 2020 Take Effect

By Editors | 03/07/2021

Remaining amendments to Regulations, Notices and Guidelines needed for the Banking (Amendment) Act 2020 (BAA) commenced on 1 July 2021.

Market Infrastructure

IOSCO Proposes Sustainability-related Rules for Fund Managers

By Editors | 01/07/2021

Recommendations for securities regulators cover asset manager practices, product disclosure, supervision and enforcement, terminology, and investor education.

Market Infrastructure

130 Nations Endorse Global Minimum Corporate Tax Rate

By Editors | 01/07/2021

The global minimum corporate income tax is estimated to generate around $150bn in additional global tax revenues annually.

Big Picture

Consortium Proposes to Create Impact Reporting Rules for Banks

By Editors | 01/07/2021

Harvard Business School, Impact Institute, ABN AMRO, Danske Bank, DBS and UBS aim to create new social and environmental impact reporting rules for banks.

Crypto / Digital Assets

New Registry for Digital Token Identifiers Goes Live

By Editors | 01/07/2021

The launch of the new registry comes ahead of the scheduled publishing of the ISO standard in Q3 2021, to meet urgent industry and regulatory needs.

Market Infrastructure

FMA Finds Improved Regulatory Arrangements at NZX

By Ranamita Chakraborty | 01/07/2021

The overall design of NZ RegCo is a notable improvement on prior arrangements, FMA said in an annual review of NZX.

Big Picture

We Are Not Out of the Woods Yet: Agustín Carstens

By Manesh Samtani | 01/07/2021

While economic disaster was averted, the BIS warns that considerable uncertainty remains that will present significant challenges for policymakers.

Market Infrastructure

BOK to Continue Bond Market Support, Scale Back Monetary Measures

By Editors | 01/07/2021

The BOK is concerned that growing financial risks, household debt, and higher inflation could spark a new crisis.