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Big Picture
Data Gaps Initiative to Extend Past 2021: FSB, IMF
By Editors | 08/10/2021
A new international cooperation initiative on data gaps will be needed after the DGI concludes. Some phase 2 recommendations may not yet be complete by year-end.
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.
Market Infrastructure
FSB Launches New Financial Stability Surveillance Framework
By Editors | 30/09/2021
The new framework will further enhance the FSB’s ability to identify and address financial system vulnerabilities in a proactive manner.
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
CLS, Global Banks Collaboration on PvP Settlement in FX Market
By Editors | 14/09/2021
Twelve global banks are participating in a pilot to evaluate potential PvP solutions for currencies that are not currently eligible for CLSSettlement.
Market Infrastructure
DSB Signs MoU on UPI Governance Arrangements
By Editors | 12/08/2021
The Derivatives Service Bureau and Regulatory Oversight Committee will cooperate to enshrine governance and oversight arrangements in the UPI service.
Securities / Derivatives
ISDA, ICMA, ISLA Sign MoU on Common Domain Model
By Editors | 02/08/2021
The MoU establishes a framework for closer collaboration on the development of the Common Domain Model across financial markets.
Capital / Liquidity
Malaysia Establishes Policy on Recovery and Resolution Planning
By Editors | 31/07/2021
Financial institutions will be required to submit their first recovery plans within 18 months from the date they receive a request from BNM.
Market Infrastructure
HKMA Updates Guidance on Bank Remuneration Systems
By Manesh Samtani | 30/07/2021
Banks are expected to review their remuneration systems and adopt all necessary changes by 1 January 2022, the HKMA says.
ESG / Sustainability
HKMA Issues Draft Guideline for Banks on Climate Risk Management
By Manesh Samtani | 21/07/2021
The guideline includes expectations on governance, strategy, risk management and disclosure. The HKMA plans to allow a 12-month period for implementation.
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