Market Infrastructure

Market Infrastructure

Malaysia: BNM Tasks Committee With Benchmark Reform Objectives

By Editors | 22/12/2020

The Financial Markets Committee will be tasked with overseeing the development of an alternative reference rate for Malaysia and deciding on whether to retain KLIBOR.

ESG / Sustainability

FSB Urges Standard Setters to Use TCFD Recommendations

By Editors | 22/12/2020

Using the TCFD recommendations as the basis for developing requirements or guidance for climate-related disclosures will help avoid the risk of market fragmentation, the FSB says.

Big Picture

ASIFMA Offers Recommendations to Address ESG Data Challenges

By Editors | 22/12/2020

The report, released by ASIFMA and FOSDA, says the recommendations are critical to supporting and enabling the further development of green and sustainable markets in Asia.

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.