International Organization of Securities Commissions

ESG / Sustainability

Action Needed to Scale Up ESG Investing, say IMF, OECD

By ESG Investor | 07/10/2021

The IMF, World Bank and OECD are working on classification systems to harmonise and support the development of sustainable finance markets.

Fintech / Regtech

PFMI Applies to Global Stablecoins, CPMI & IOSCO Confirm

By Editors | 07/10/2021

The transfer function of a stablecoin arrangement is “comparable” to the transfer function performed by other types of financial market infrastructures.

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.