ADVERTISEMENT
Data Privacy
China Issues Draft Rules on Cross-border Data Flows
By Manesh Samtani | 14/06/2019
It is difficult to see how prior regulatory approval of every transfer of personal data from China is workable, says Hogan Lovells partner Mark Parsons.
KYC & CDD
Automatic Exchange of Information is Working, Says OECD
By Ralph Cunningham | 13/06/2019
New data from the OECD indicates that Hong Kong and Singapore are adhering to tighter global standards on tax transparency.
Market Risk
ISDA Chief Urges Accounting Bodies to Prioritise Benchmark Reform
By Editors | 12/06/2019
ISDA chief Scott O’Malia says market participants need clarity from the IASB and FASB on the accounting implications of a switch from IBORs to RFRs.
Capital Adequacy
FSB Examines Effects of Post-Crisis Reforms on SME Financing
By Editors | 11/06/2019
SME lending growth has resumed in recent years, and access to external finance for SMEs appears to have improved, particularly in advanced economies.
Market Abuse
Switzerland Fines Five Global Banks Involved in FX Trading Cartel
By Editors | 10/06/2019
Adding to the European Commission’s $1.2bn fine last month, Citigroup, Barclays, RBS, JP Morgan and MUFG have been fined $91mn by the Swiss Competition Commission.
DeFi & Web3
FSB: Decentralisation Could Benefit Financial Stability
By Manesh Samtani | 08/06/2019
While decentralised financial technologies do pose risks, they may increase competition and diversity in the financial system and reduce existing entities’ systemic importance.
Sustainable Finance
IOSCO Publishes Recommendations on Sustainable Finance
By Editors | 08/06/2019
The report identifies the prerequisites for creating an ecosystem that facilitates sustainable finance, and sets out 10 recommendations for growth and emerging markets.
Trading & Investment
FSB Publishes User Guide to Overnight Risk Free Rates
By Editors | 07/06/2019
The user guide provides an overview of RFRs, details on how they are calculated, and options on how they can be used in cash products.
Reporting & Disclosures
FSB TCFD: Not Enough Companies Disclosing Climate Risk Information
By Editors | 07/06/2019
The Task Force said some of the results of its disclosure review and survey are encouraging, but not enough companies are disclosing decision-useful climate-related financial information.
Clearing & Post-Trade
CPMI-IOSCO Paper on CCP Default Management Auctions
By Editors | 07/06/2019
The discussion paper describes the considerations CCPs take into account when planning and conducting default management auctions.
JOIN OUR NEWSLETTER
An exclusive weekly selection of top stories from the Regulation Asia editorial team.