MARKET INFRASTRUCTURE

ESG / Sustainability

CFTC Report Warns of Systemic Risks from Climate Change

By Manesh Samtani | 10/09/2020

The report calls on financial regulators to move “urgently and decisively” to measure, understand, and address the risks climate change poses to the US financial system.

ESG / Sustainability

IOSCO to Harmonise Global ESG Disclosure Frameworks – Report

By Editors | 10/09/2020

A new IOSCO taskforce will work to identify commonalities across sustainability disclosure standards from across the world to develop principles-based guidelines.

Market Infrastructure

MAS Finalises Individual Accountability and Conduct Guidelines

By Manesh Samtani | 10/09/2020

Financial institutions are expected to strengthen senior manager accountability and promote a culture of ethical behaviour. The guidelines take effect on 10 September 2021.

AML / KYC

FIA Releases Surveillance and Market Abuse Guidelines

By Editors | 09/09/2020

The guidelines cover requirements relating to monitoring, surveillance systems and the filing of suspicious transaction and order reports under the EU’s Market Abuse Regulation.

Market Infrastructure

MAS to Intensify Supervisory Engagement to Drive SORA Transition

By Manesh Samtani | 09/09/2020

In an ABS virtual roundtable, MAS deputy managing director Jacqueline Loh spoke of a three-pillar approach to support a smooth transition from SOR to SORA.

Fintech / Regtech

Mastercard Launches Virtual Testing Environment for CBDCs

By Editors | 09/09/2020

The platform enables the simulation of issuance, distribution and exchange of CBDCs between banks, financial service providers and consumers.

Market Infrastructure

China Announces Global Initiative to Safeguard Data Security

By Editors | 08/09/2020

The initiative opposes the creation of backdoors in technology products, large-scale surveillance of other countries, and the illegal acquisition of foreign citizens’ personal data.

Securities / Derivatives

Industry Standards Needed for Measuring Execution Quality: FMSB

By Editors | 08/09/2020

Best practice principles will facilitate regulatory compliance and drive efficiencies in the measurement of execution quality, the FMSB says in a new spotlight review.

Market Infrastructure

CBIRC Approves First Foreign Owned Money Broker in China

By Sanday Chongo Kabange | 07/09/2020

Japan’s Ueda Yagi Tanshi’s application to establish a wholly-owned money broker in China has been approved.