Market Infrastructure

ESG / Sustainability

Group of Five Releases Climate-Related Financial Disclosure Prototype

By ESG Investor | 21/12/2020

The proposed standard for sustainability-related financial disclosures builds on TCFD pillars and supports the IFRS consultation on non-financial reporting.

Market Infrastructure

ASIC Probes Market Participants for Possible Best Execution Failures

By Manesh Samtani | 21/12/2020

ASIC is concerned Chi-X as an alternative venue did not see more trading activity during ASX’s November outage, as would be expected given participants’ best execution duty to clients.

Fintech / Regtech

APRA Sets September Go-Live for New Data Collection Solution

By Editors | 21/12/2020

The timing of regulatory data reporting commencing in APRA Connect will vary by industry. Existing data collections for banks will continue through D2A for the time being.

Market Infrastructure

MAS Consults on Proposed Notices for Outsourced Services

By Manesh Samtani | 21/12/2020

Banks’ outsourcing agreements must include terms that grant MAS the right to audit the outsourced arrangement and obtain information from the service provider.

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.