INTERNATIONAL ORGANIZATION OF SECURITIES COMMISSIONS

    Fintech / Regtech

    IOSCO Drafts Guidance on Supervising AI/ML in Financial Markets

    By Editors | 25/06/2020

    IOSCO proposes six measures to assist members in creating appropriate regulatory frameworks to supervise market intermediaries and asset managers that use AI and ML.

    Market Infrastructure

    RBI Updates Oversight Framework for FMIs, Retail Payment Systems

    By Editors | 14/06/2020

    The framework details the oversight objectives, supervisory processes and assessment methodology the RBI will apply to financial market infrastructures and retail payment systems.

    Fintech / Regtech

    IOSCO Consults on Updated Set of Outsourcing Principles

    By Editors | 28/05/2020

    The principles include selection due diligence, information security, confidentiality issues, outsourcing risk concentration, and access to data, among others.

    Securities / Derivatives

    SFC Defers IM Rules, Maintains 1 September for VM Requirements

    By Editors | 07/05/2020

    While variation margin requirements will still take effect from 1 September 2020 as planned, initial margin requirements for non-centrally cleared OTC derivatives will be deferred by one year.

    Capital / Liquidity

    S. Korea Defers Initial Margin Requirements by One Year

    By Editors | 06/05/2020

    The move is in line with the BCBS-IOSCO decision announced in April, and will help to ease the compliance burden on financial institutions amid the Covid-19 crisis.

    Market Infrastructure

    Industry Bodies Request Margin Exemption Extensions under EMIR

    By Manesh Samtani | 06/05/2020

    ISDA and other industry associations are asking for equivalence decisions for all jurisdictions that have implemented margin rules in line with the BCBS-IOSCO framework.

    Enforcement

    CSRC Vows Cross-border Cooperation in Luckin Fraud Case

    By Editors | 28/04/2020

    The CSRC has been communicating with US regulators, looking to deepen cross-border cooperation to combat misconduct and fraud and to protect investors.

    APRA Announces New Commencement Dates for Prudential Standards

    By Editors | 16/04/2020

    The new commencement dates relate to initial margin requirements and APRA’s prudential standards on information security, credit risk management and related entity exposures.

    Big Picture

    Hedge Funds Have Sufficient Liquidity, Low Leverage: IOSCO

    By Editors | 15/04/2020

    Hedge funds were found to have sufficient portfolio liquidity to meet investor redemption demands under normal market conditions, based on end-September 2018 data.

    ESG / Sustainability

    IOSCO Forms Task Force to Address Sustainable Finance Issues

    By Editors | 15/04/2020

    The Task Force will work on sustainability and ESG disclosure challenges for investors, including to enhance transparency and address investor protection issues.

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