MARKET INFRASTRUCTURE

Market Infrastructure

HKMA Unveils Enhanced Competency Framework on Operational Risk

By Editors | 20/12/2020

The new Enhanced Competency Framework is aimed at raising the professional competence of practitioners working in the operational risk management function of banks.

Market Infrastructure

Philippine SEC to Mandate New Cybersecurity Rules for Capital Markets

By Editors | 20/12/2020

Regulated entities will have to create a separate Information Security Group and appoint a Chief Information Security Officer.

Market Infrastructure

CSRC Issues Draft Rules on Cybersecurity Incident Handling

By Editors | 20/12/2020

The draft rules provide new standards for categorising cybersecurity incidents based on severity, enhance incident reporting efficiency, and introduce added flexibility for punishments.

Market Infrastructure

BCBS, CPMI Warn of Continued Risks Associated with FX Settlement

By Editors | 20/12/2020

Expanding the availability of PvP settlement to a wider range of transactions and actors will reduce FX settlement risk and support global financial stability.

AML / KYC

PBOC Publishes Roadmap for Full LEI Adoption in China

By Manesh Samtani | 18/12/2020

By end 2022, LEIs will be used in securities and derivatives trading, risk monitoring, regulatory reporting, listed company supervision and the digital yuan ecosystem.

Market Infrastructure

US Treasury Labels Vietnam, Switzerland as Currency Manipulators

By Editors | 17/12/2020

Taiwan, Thailand, and India have been added to Treasury’s monitoring list. Singapore intervened in the foreign exchange market in a “sustained, asymmetric manner”.

ESG / Sustainability

Hong Kong Launches Strategic Plan for Greener Financial Ecosystem

By Manesh Samtani | 17/12/2020

A cross-agency steering group has announced a green and sustainable finance strategy for Hong Kong and five key action points.

Fintech / Regtech

Australia’s Domestic Payment Organisations Propose to Amalgamate

By Editors | 17/12/2020

Australia’s eftpos, BPAY Group and NPPA will be preserved as distinct operations under a single Board with a shared roadmap for innovation and investment.

ESG / Sustainability

CDSB and GRI Back IFRS on Sustainability Reporting

By ESG Investor | 17/12/2020

The independent sustainability standards organisations call for increased cohesion between sustainability and financial reporting.