MARKET INFRASTRUCTURE

    ESG / Sustainability

    CFTC Report Warns of Systemic Risks from Climate Change

    By Manesh Samtani | 10/09/2020

    The report calls on financial regulators to move “urgently and decisively” to measure, understand, and address the risks climate change poses to the US financial system.

    ESG / Sustainability

    IOSCO to Harmonise Global ESG Disclosure Frameworks – Report

    By Editors | 10/09/2020

    A new IOSCO taskforce will work to identify commonalities across sustainability disclosure standards from across the world to develop principles-based guidelines.

    Market Infrastructure

    MAS Finalises Individual Accountability and Conduct Guidelines

    By Manesh Samtani | 10/09/2020

    Financial institutions are expected to strengthen senior manager accountability and promote a culture of ethical behaviour. The guidelines take effect on 10 September 2021.

    AML / KYC

    FIA Releases Surveillance and Market Abuse Guidelines

    By Editors | 09/09/2020

    The guidelines cover requirements relating to monitoring, surveillance systems and the filing of suspicious transaction and order reports under the EU’s Market Abuse Regulation.

    Market Infrastructure

    MAS to Intensify Supervisory Engagement to Drive SORA Transition

    By Manesh Samtani | 09/09/2020

    In an ABS virtual roundtable, MAS deputy managing director Jacqueline Loh spoke of a three-pillar approach to support a smooth transition from SOR to SORA.

    Fintech / Regtech

    Mastercard Launches Virtual Testing Environment for CBDCs

    By Editors | 09/09/2020

    The platform enables the simulation of issuance, distribution and exchange of CBDCs between banks, financial service providers and consumers.

    Market Infrastructure

    China Announces Global Initiative to Safeguard Data Security

    By Editors | 08/09/2020

    The initiative opposes the creation of backdoors in technology products, large-scale surveillance of other countries, and the illegal acquisition of foreign citizens’ personal data.

    Securities / Derivatives

    Industry Standards Needed for Measuring Execution Quality: FMSB

    By Editors | 08/09/2020

    Best practice principles will facilitate regulatory compliance and drive efficiencies in the measurement of execution quality, the FMSB says in a new spotlight review.

    Market Infrastructure

    CBIRC Approves First Foreign Owned Money Broker in China

    By Sanday Chongo Kabange | 07/09/2020

    Japan’s Ueda Yagi Tanshi’s application to establish a wholly-owned money broker in China has been approved.

    Market Infrastructure

    SFA, AMTD Partner to Establish Cybersecurity Centre in Singapore

    By Sanday Chongo Kabange | 07/09/2020

    The Centre will groom talent and raise awareness of the importance of cybersecurity among digital platforms, fintechs, financial institutions and other sectors.

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