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Fintech / Regtech
PBOC to Establish Consumer Protection Fund for Payments
By Editors | 15/10/2020
The new regulations are aimed at establishing a long-term mechanism for resolving and disposing of risks at non-bank payment institutions, the PBOC said.
Market Infrastructure
About Half of Global FX Market Exposed to Settlement Risk
By Margaret Law | 15/10/2020
Without immediate action, FX settlement risk will continue to accumulate and introduce vulnerabilities into the global financial system, says Margaret Law at CLS.
Securities / Derivatives
HKIFA Warns Against Changing UCITS Delegation Model – Report
By Editors | 15/10/2020
HKIFA chief Sally Wong reportedly said a move to restrict the delegation model could prompt capital to flow away from the European fund industry.
Market Infrastructure
SFTR Reporting Regime Goes Live for Buy-Side Firms
By Editors | 14/10/2020
Phase three of the SFTR places reporting obligations on investment funds, insurance companies and pension funds.
Market Infrastructure
Australian Regulators Urge Adherence to ISDA IBOR Fallbacks
By Editors | 14/10/2020
The ISDA IBOR fallbacks protocol and supplement were informed by extensive consultation with industry, including in Australia.
AML / KYC
G20 Ministers Extend DSSI Debt Relief, Welcome FSB, FATF Efforts
By Manesh Samtani | 14/10/2020
The G20 finance ministers and central bank governors have agreed to extend debt relief for low-income countries for six months, and welcomed efforts by the FSB and FATF.
Fintech / Regtech
RegTech Asia 2020: LIBOR Transition Progress
By Editors | 14/10/2020
How has LIBOR transition been progressing in Asia Pacific, and how is technology helping to facilitate transition efforts?
ESG / Sustainability
FSB Publishes Letter to G20 Ahead of Virtual Meeting
By Manesh Samtani | 14/10/2020
The letter describes the FSB’s work to address issues of financial innovation and technology, promote a resilient and integrated global financial system, and address market fragmentation.
AML / KYC
FSB Issues Final Recommendations on Regulating Global Stablecoins
By Editors | 13/10/2020
Global stablecoin arrangements are expected to adhere to all applicable regulatory standards and address risks to financial stability before commencing operation, the FSB says.
Market Infrastructure
BSP Amends Operational Risk Guidelines to Include ‘People Risk’
By Sanday Chongo Kabange | 13/10/2020
The BSP wants banks and NBFIs to embed in their ERM framework measures to identify, measure, monitor, and control human resource related risks.
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