INTERNATIONAL ORGANIZATION OF SECURITIES COMMISSIONS

    Securities / Derivatives

    Governance of OTC Derivatives Data Elements Finalised

    By Editors | 10/10/2019

    The FSB has now published the final governance arrangements for both the UTI and UPI, while CPMI-IOSCO has published the same for the other critical data elements.

    Capital / Liquidity

    Initial Margin Challenges Confronting Asian Markets

    By Purtini Joshi | 08/10/2019

    DTCC’s Purtini Joshi outlines three key challenges firms need to address to ensure compliance with Phase 5 and Phase 6 implementation of initial margin regulations.

    Market Infrastructure

    Indonesia Announces Rules for the Establishment of CCPs

    By Editors | 04/10/2019

    The new rules from Bank Indonesia will take effect from June 2020, but the first CCPs for derivatives markets are unlikely to be operational until 2023.

    Securities / Derivatives

    IOSCO Publishes Updates on MMF, Securitisation Regulation

    By Editors | 03/10/2019

    The reports describe progress by IOSCO members to adopt legislation, regulation and other policies covering MMF and securitisation, considered priority reform areas by the G20.

    Big Picture

    EU Equivalence Needed on Cross-Border Intragroup Transactions

    By Editors | 01/10/2019

    ISDA and EU banking associations are calling for equivalence decisions to be prioritised for Australia, Hong Kong, Singapore and South Korea, among others.

    Securities / Derivatives

    Hong Kong to Regulate Fund Trustees, Custodians

    By Editors | 30/09/2019

    Fund trustees and custodians in Hong Kong are not subject to any licensing regime or ongoing supervision. The SFC proposes to regulate them under a new type of regulated activity, RA 13.

    Market Infrastructure

    Most Rules to Prevent Complex Product Mis-selling Already in Place

    By Editors | 27/09/2019

    Only China, Hong Kong, Japan and Singapore are fully consistent with all nine IOSCO principles on suitability requirements for the distribution of complex financial products.

    Market Infrastructure

    APAC Central Banks Prepare Market for Benchmark Reforms

    By Editors | 27/09/2019

    A group of APAC central banks have issued a report on the regional implications of LIBOR’s discontinuation, BMR implementation, and reforms to local benchmarks.

    Big Picture

    DTCC Calls on Industry to Prioritise Business Resilience Efforts

    By Editors | 24/09/2019

    Firms must establish resilience as a business-owned strategic initiative, and be willing to prioritise business resilience over efficiency in some cases, says a new DTCC whitepaper.

    Market Infrastructure

    IOSCO Recommends UTC as Standard Clock for Timestamping

    By Editors | 12/09/2019

    IOSCO is seeking feedback on a recommendation that all member jurisdictions use UTC as the standard reference time source for timestamping reportable events.

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