ADVERTISEMENT
Market Infrastructure
EMIR Refit Technical Standards Published in Official Journal
By Editors | 12/10/2022
Under the standards, reporting of the CDE, LEIs, ISINs, UTIs and UPIs to trade repositories are mandated, in XML format using ISO 20022.
Fintech / Regtech
Worldline, NPCI to Enable Indian UPI Payments Across Europe
By Editors | 12/10/2022
The first target markets are set to include Benelux (Belgium, the Netherlands, and Luxembourg) and Switzerland, with further plans for expansion.
Enforcement
UK FCA Queries Banks About Staff Messaging Practices
By Editors | 12/10/2022
The queries come after US regulators collected over $2bn in combined penalties from firms for failures to maintain, preserve, or produce staff communication records.
Market Infrastructure
FSB Unveils Proposed Global Regulatory Framework for Crypto
By Editors | 12/10/2022
The framework covers all crypto-asset activity, as well as associated issuers and service providers, that have the potential to pose financial stability risks.
Market Infrastructure
EMMI Sets Launch Date for Euro Forward-looking Term Rate
By Editors | 11/10/2022
ICE Benchmark Administration has been appointed as the calculation agent for EFTERM, which will launch on 14 November 2022.
Crypto / Digital Assets
OECD Releases Tax Transparency Framework for Crypto
By Manesh Samtani | 11/10/2022
Indirect investments in crypto assets via derivatives and investment vehicles, as well as CBDCs, will be covered by CRS, rather than CARF.
Market Infrastructure
FSB Unveils Plans for Next Phase of Cross-Border Payments Work
By Editors | 11/10/2022
The prioritisation plan emphasises a need to strengthen external engagement and partnerships to take forward the roadmap for enhancing cross-border payments.
Enforcement
SEBI Cancels Rating Agency Licence for the First Time
By Editors | 10/10/2022
Brickwork Ratings India failed to exercise proper skill, care and diligence while discharging its duties as a credit rating agency, SEBI said.
Market Infrastructure
US, EU Move to Adopt New Data Sharing Framework
By Editors | 10/10/2022
The legal basis for transatlantic data transfers has been uncertain since 2020, after the EU-US Privacy Shield was declared invalid under EU law.
Market Infrastructure
FASB Extends LIBOR Accounting Relief for Two More Years
By Editors | 10/10/2022
The relief delays more onerous accounting treatment that borrowers with legacy LIBOR loans would face if the relief was not extended.
JOIN OUR NEWSLETTER
A daily selection of top stories from the Regulation Asia editorial team