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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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