Market Infrastructure

Big Picture

A New Zero Tolerance Era for ESG Reporting

By Editors | 22/09/2020

As nations across the globe come to terms with understanding and tackling climate change, mandatory reporting of such risks across capital markets could well become the norm.

Market Infrastructure

PBOC Issues New Measures on Financial Consumer Protection

By Editors | 22/09/2020

From 1 November, banks and payment institutions that try to restrict consumers from choosing financial products and services offered by other institutions can be penalised.

Securities / Derivatives

BIS Report Proposes Carbon Intensity-based Rating System

By Manesh Samtani | 20/09/2020

A new report proposes a system for labelling issuers for firm-level greenness based on carbon intensity, the ratio of carbon emissions to revenue.

Enforcement

Sri Lanka to Enhance Capital Market Through New SEC Act

By Duruthu E Chandrasekera | 19/09/2020

The new SEC Act will allow for recognition of new categories of market intermediaries and introduce new enforcement mechanisms to deal with market misconduct.

Market Infrastructure

Colombo Stock Exchange Digitalises Core Operations

By Duruthu E Chandrasekera | 18/09/2020

Account opening and post-trade functions such as clearing and settlement are now electronically enabled. E-contract notes and e-statements have also been adopted.

Enforcement

SFC Fines BEA for 13 Year Failure to Segregate Client Securities

By Editors | 17/09/2020

There was no evidence of client loss as a result of BEA’s regulatory breaches, and the bank has undergone remedial actions to enhance its internal systems and controls.

AML / KYC

SWIFT Announces Enhancements in Payments, Securities Processing

By Editors | 17/09/2020

The enhancements will be made available through a next-generation digital platform that will “fundamentally transform” payments and securities processing, SWIFT says.

ESG / Sustainability

Malaysian FIs to Pilot Implementation of Climate Risk Taxonomy

By Manesh Samtani | 16/09/2020

This month, 12 financial institutions will commence a pilot to implement a principles-based taxonomy for classifying climate risk, one of a number of initiatives to build climate resilience.

Enforcement

US Regulators to Reprimand Citigroup Over Risk Management

By Editors | 16/09/2020

The Federal Reserve and OCC are expected to require Citigroup to develop and execute a plan to improve its risk management systems.