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Market Infrastructure
ESMA Seeks BMR Exemptions for Noncritical, Third-country Benchmarks
By Manesh Samtani | 18/02/2020
ESMA says BMR’s wide scope has led to an unintended consequence whereby third-country benchmarks are not incentivised to keep providing their benchmarks in the EU.
Big Picture
CCP12 Highlights Remaining Transparency Issues in OTC Derivatives
By Editors | 17/02/2020
A new CCP12 paper highlights a lack of transparency in the amount of collateral posted in bilateral markets, which is needed to more accurately assess liquidity requirements and latent risks.
Market Infrastructure
Hong Kong Bankers Compare Covid-19 to ‘Nightmare’ Stress Test
By Editors | 17/02/2020
The actions being taken to combat the novel coronavirus are reportedly “very close” to those taken in a simulated exercise last October, which involved a pandemic, cyberattack and telecoms breakdown.
Market Infrastructure
MAS Issues Guidance on Investment Suitability, Pricing in Private Banking
By Editors | 17/02/2020
MAS looks to private banks’ boards and senior management to ensure the effectiveness of policies, processes, controls and systems in sales and advisory practices, and to shape the staff behaviour.
Fintech / Regtech
S. Korea FSC to Educate Market New Data Usage Rules
By Editors | 17/02/2020
Pseudonymised personal information may be used without customer consent for statistical, industry research and public documentation purposes.
Big Picture
DTCC Calls For Coordinated Effort on DLT Security Framework
By Editors | 14/02/2020
DTCC is calling for a cross-sectoral, coordinated strategy around the development of a principles-based framework to identify and address DLT-specific security risks.
Fintech / Regtech
ASX is Transforming Entire Technology Stack, says CEO
By Editors | 14/02/2020
Managing director and CEO Dominic Stevens said ASX’s strategy is not just about replacing CHESS or upgrading the futures trading system; the bourse is transforming its entire technology stack.
Market Infrastructure
IMF, MAS Offer Guidance on Assessing Cyber Risk
By Manesh Samtani | 12/02/2020
A new IMF-MAS paper presents data sources and methods that can be used to analyse and assess cyber risk, illustrated with applications to Singapore.
Market Infrastructure
RBI Proposes Authorisation of New Retail Payment Systems
By Editors | 12/02/2020
The draft framework is said to be aimed at addressing concerns that the NPCI has become ‘too big to fail’ and presents increased concentration risk.
Enforcement
US Charges 4 Chinese Military Officers for Equifax Hack
By Editors | 12/02/2020
The four Chinese nationals are charged for breaking into Equifax’s computer systems to steal US citizens’ personal data and sensitive trade secrets.
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