Market Infrastructure

Market Infrastructure

Culture & Conduct Risk: Singapore Sets the Pace for Peers

By Stephen Scott | 08/06/2021

Among global peers, Singapore is setting the pace for effective governance of culture and conduct risks, say Starling’s Stephen Scott and Mark Cooke.

Market Infrastructure

Philippine FSCC Identifies Leverage as Key Downside Risk

By Ranamita Chakraborty | 08/06/2021

Cross-border effects are creating a layer of risks on top of scars that Covid has already inflicted on the domestic economy, the FSCC says.

ESG / Sustainability

TNFD Framework to Build Capacity for Nature-Related Data

By ESG Investor | 08/06/2021

Like the TCFD, the TNFD reporting framework is expected to be incorporated into disclosure standards and written into national law by governments.

Market Infrastructure

Standard-Setters Launch Plan to Improve Global Audit Quality

By Editors | 07/06/2021

Implementation of the plan will take three years and result in overall improvements to the international audit-related standard-setting system.

AML / KYC

G7 Backs – but Looks Beyond – Mandatory Climate Disclosures

By ESG Investor | 07/06/2021

TCFD, IASB frameworks endorsed; communique also calls for progress on impact, nature-based and beneficial ownership reporting.

ESG / Sustainability

G7 Finance Ministers Agree on 15pc Global Minimum Tax Rate

By Manesh Samtani | 07/06/2021

The global minimum tax will end the race-to-the-bottom in corporate taxation and ensure fairness for the middle class and working people, Janet Yellen said.

Market Infrastructure

Japan to Remove Firewall Between Banking, Securities Operations

By Editors | 04/06/2021

The FSA is reportedly working on rule changes that would allow banks and securities firms within the same group to share customer data.

ESG / Sustainability

BSP Outlines Expectations for Banks on Sustainable Finance

By Sanday Chongo Kabange | 04/06/2021

Banks must establish environmental and social risk management systems and disclose their sustainability initiatives in their annual reports.

Crypto / Digital Assets

MAS Issues Guidance on Managing Risks of Cloud Services

By Editors | 04/06/2021

In a new advisory, MAS highlights the key risks and control measures FIs should consider before adopting public cloud services.