INTERNATIONAL ORGANIZATION OF SECURITIES COMMISSIONS

    Big Picture

    Lack of Crypto Regulation Presents Financial Stability Risk: IMF

    By Mark Johnston | 05/10/2021

    The IMF says more coordination among national regulators is needed to ensure effective enforcement, reduce regulatory arbitrage, and enhance monitoring of the crypto ecosystem.

    Big Picture

    Industry Group Considers Options for Protecting Data at FMIs

    By Editors | 23/09/2021

    There is no standard approach to identifying the types of data that need to be protected, nor the manner in which that data should be protected.

    Market Infrastructure

    BSP Directs Payment Systems to Adopt PFMI Standards

    By Editors | 18/09/2021

    Designated payment systems are expected to demonstrate adequate governance and risk management arrangements in line with the PFMI.

    Capital / Liquidity

    JBA Calls for Global Cryptoasset Regulations for Non-banks

    By Manesh Samtani | 15/09/2021

    A global regulatory framework for cryptoassets that only includes banks would exacerbate rather than contain financial stability risks.

    Market Infrastructure

    Philippine Banks Adopting Global Best Practices in FX Settlement

    By Jimmy Ho | 13/09/2021

    Jimmy Ho and Sammie Chan discuss Metrobank’s adoption of PvP settlement and how it reflects a broader trend in the Philippine banking industry.

    Market Infrastructure

    Sri Lanka Passes New SEC Act to Bolster Capital Market

    By Duruthu E Chandrasekera | 09/09/2021

    SEC chairman Viraj Dayaratna described the new law as “futuristic”, saying it will help to increase market liquidity and attract foreign investment.

    Market Infrastructure

    IOSCO Says Credit Sensitive Rates Pose Financial Stability Risk

    By Manesh Samtani | 09/09/2021

    IOSCO says SOFR should be used in place of USD LIBOR and that it will be closely monitoring how the “IOSCO badge” is used in compliance assessments of credit sensitive rates.

    Fintech / Regtech

    IOSCO Publishes Final Guidance on Supervising AI/Machine Learning

    By Editors | 08/09/2021

    IOSCO members are encouraged to consider six measures carefully in the context of their legal and regulatory frameworks.

    Big Picture

    ETF Structure Proved Resilient to Market Stress: IOSCO

    By Ranamita Chakraborty | 15/08/2021

    An IOSCO study has helped to “alleviate concerns” about possible financial stability risks or fragilities relating to the ETF structure.

    Market Infrastructure

    DTCC Urges Readiness for MAS Derivatives Reporting Requirements

    By Sanday Chongo Kabange | 12/08/2021

    Finance companies, subsidiaries of banks in Singapore, insurers and CMS licence holders will come into scope for reporting from 1 October.

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