MARKET INFRASTRUCTURE

    Market Infrastructure

    Changes to Hong Kong OFC Regime Take Effect Immediately

    By Editors | 13/09/2020

    Private OFCs are no longer subject to investment restrictions and securities brokers are now eligible to be OFC custodians, among other changes.

    Market Infrastructure

    A Detailed Look at MAS’ New Accountability Guidelines

    By Grace Chong | 11/09/2020

    Grace Chong and Si Rong Low at Simmons & Simmons JWS detail the key points of MAS’ final guidelines on individual accountability and conduct.

    ESG / Sustainability

    NGFS Seeks Wider Adoption of Environmental Risk Analysis at FIs

    By Editors | 10/09/2020

    The NGFS is calling for wider use of ERA in the financial industry, offering case studies to showcase the adoption of ERA tools and methodologies by some FIs.

    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.

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