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Securities / Derivatives
S. Korea Announces Adjusted Schedule for Initial Margin Rules
By Editors | 09/08/2019
Korea has adjusted its domestic implementation schedule for the incoming requirements, taking into account the one-year phased extension announced by BCBS and IOSCO in July.
AML / KYC
MAS Targets Market Abuse with Proposed New Requirements
By Editors | 06/08/2019
Capital market licensees will have to record all client communications and capture their mobile device IDs. Foreign intermediaries will have to provide UBO information on request.
Big Picture
Global Crypto Trading Should be Guided by IOSCO Principles: WFE
By Editors | 03/08/2019
“Innovation which has the potential to present systemic risk or is allowed to operate in an unchecked or unregulated manner is detrimental to financial markets and investor interests.”
Market Infrastructure
IOSCO Urges Market Participants to Move to RFRs ‘Now’
By Editors | 02/08/2019
IOSCO says early transition to risk free rates will help to mitigate potential financial stability and conduct risks associated with the transition away from LIBOR.
Market Infrastructure
SEBI Grants QCCP Status to MCX Clearing Corporation
By Editors | 01/08/2019
SEBI has granted qualifying central counterparty status to Multi Commodity Exchange Clearing Corporation.
Market Infrastructure
BCBS, IOSCO Agree One-year Phased Extension of Initial Margin Rules
By Editors | 23/07/2019
Initial margin requirements for firms with uncleared derivatives exceeding $8bn have been extended to September 2021; firms exceeding a $50bn threshold will have to comply in September 2020.
Market Infrastructure
No Time for Complacency Despite Two-Year BMR Reprieve
By Gregory Campbell | 21/07/2019
Third country benchmark administrators will need every bit of the additional time granted for BMR compliance to ensure their benchmarks get approved, say PwC’s Gregory Campbell and Daniela Bunea.
Enforcement
Korea Exchange Fined for Making False Statement to CFTC
By Editors | 14/07/2019
The CFTC found that KRX failed to disclose that it was not in compliance with a requirement to use daily stress tests to evaluate the sufficiency of its financial resources.
Market Infrastructure
RBI Issues Guidelines for Financial Benchmark Administrators
By Editors | 27/06/2019
Existing financial benchmark administrators will be notified if their benchmark is considered a “significant benchmark”. They will then have three months to apply for RBI authorisation.
Big Picture
Buy-Side to Provide Stability in Bond Market Stress: IOSCO
By Manesh Samtani | 24/06/2019
Intermediaries and banks are less likely to provide liquidity during times of stress because of post-crisis changes in regulation and risk appetite.
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