International

Data Privacy

India Tops Global Data Breach List For 2018 – Report

By Garima Chitkara | 22/08/2018

India, Vietnam and Australia were among the top five jurisdictions globally in terms of records exposed.

Data Privacy

Cross Border Data Transfers – An Old Problem, With or Without GDPR

By Peter Lancos | 21/08/2018

The challenges GDPR introduces around Cross Border Data Transfers are not necessarily new problems. They do however make an existing problem just a bit more complicated.

Structural Regulation

FSB Conducts Peer Review on LEI Implementation

By Garima Chitkara | 20/08/2018

The FSB is proposing a thematic peer review to analyse LEI adoption among member jurisdictions and identify the implementation challenges faced by firms.

Market Data & Technology

CPMI, IOSCO Consult on Governance of OTC Derivatives Data

By Editors | 20/08/2018

New consultative document identifies key criteria, functions and bodies for the governance arrangements for critical OTC derivatives data elements data, other that UTI and UPI.

Payments & Settlements

Banks Need Regulatory Defence Against Tech Firms

By Peter Guy | 16/08/2018

The Facebook controversy around user data hasn’t discouraged it from advancing its ambitions in financial services like payment and remittance processing.

Clearing & Post-Trade

FSB, BIS, IOSCO Study Highlights Central Clearing Interdependencies

By Manesh Samtani | 15/08/2018

FSB, CPMI, IOSCO and BCBS find continued concentration of prefunded financial resources at small number of CCPs; exposures to CCPs also concentrated among small number of clearing members.

Tokenisation

Commonwealth Bank to Arrange First Blockchain Bond

By Garima Chitkara | 14/08/2018

Developed by the World Bank, a A$100 million kangaroo bond, issued and distributed through blockchain, will open to investors later this month in Washington and Sydney.

Clearing & Post-Trade

CFTC to Simplify Registration Exemption Process for non-US Clearing Firms

By Editors | 10/08/2018

CFTC proposal seeks to make it easier for non-US firms to navigate the process for obtaining exemptions from registration as derivatives clearing organisations.

Cloud & Infrastructure

Financial Regulators Consult on ‘Global Sandbox’ Approach

By Manesh Samtani | 09/08/2018

HKMA, MAS, ASIC among 12 regulators seeking views from interested parties on new Global Financial Innovation Network initiative, including its role, tools and where it should prioritise activity.