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Market Infrastructure
Big Picture
Regulatory Intervention Needed to Address Cloud Adoption Risks: BIS Paper
By Manesh Samtani | 18/11/2023
Indirect oversight of CSPs, i.e. requiring financial firms to manage the risks, “may not be sufficient from a systemic perspective”, the paper says.
Market Infrastructure
China Drafts New Data Security Rules for Auditors
By Editors | 18/11/2023
The rules require auditors to improve data security management, and store audit working papers only within China’s borders.
Securities / Derivatives
Korea Unveils Proposed Reforms to Strengthen Short Selling System
By Editors | 17/11/2023
Under the proposals, institutional and retail investors will be subject to the same rules, and naked short selling can be penalised with a 10 year market ban.
Market Infrastructure
US Moving to T+1: What are the Critical Priorities for Japanese Investment Managers?
By Yuichiro Araki | 16/11/2023
Yuichiro Araki discusses operational considerations for Japanese investment managers preparing for an accelerated US settlement cycle.
Market Infrastructure
China Proposes to Streamline FX Business Rules for Capital Account
By Editors | 16/11/2023
The revised guidelines seek to provide greater convenience in the handling of foreign exchange under the capital account, SAFE said.
Market Infrastructure
ASIC Licenses Second Derivative Trade Repository
By Editors | 16/11/2023
ASIC has granted an Australian Derivative Trade Repository licence to US-based KOR Reporting Inc.
Market Infrastructure
ASIC Consults on Further Changes to OTC Derivatives Reporting Rules
By Editors | 16/11/2023
ASIC proposes changes to some data elements and other minor amendments, informed by international developments and industry engagement.
Crypto / Digital Assets
MAS Launches New Tokenisation Initiatives Under Project Guardian
By Editors | 16/11/2023
Five new industry pilots have been initiated. A new funds workstream and new digital infrastructure initiatives being launched.
Market Infrastructure
China: NFRA, CSRC Publish New Details on Scope of Responsibilities
By Editors | 16/11/2023
The NFRA was established in May as a new body to oversee all sectors of the financial industry, except securities, though it is absorbing investor protection responsibilities from the CSRC.
Capital / Liquidity
FSB Outlines 2024 Work Priorities, Cites Financial Stability Concerns
By Editors | 16/11/2023
FSB discussed “pockets of remaining banking-sector vulnerabilities” and ongoing work to implement the regulatory framework for crypto and stablecoins.
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