INTERNATIONAL ORGANIZATION OF SECURITIES COMMISSIONS

Market Infrastructure

Hong Kong FRC’s New Oversight Powers Start in October

By Editors | 21/05/2019

The Financial Reporting Council will commence its role as the independent oversight body for auditors of listed companies from 1 October this year.

Capital / Liquidity

ISDA Outlines Key Steps to Initial Margin Compliance

By Manesh Samtani | 13/05/2019

Based on recent BCBS/IOSCO guidance, ISDA estimates that regulatory IM preparation can be deferred for upwards of 70-80% of Phase 5 counterparty relationships.

AML / KYC

Philippine FIU Seeks an End to Bank Secrecy Law

By Editors | 07/05/2019

The AML Council is seeking additional powers to combat financial crime, including the lifting of the bank secrecy law, which would allow it to check all accounts regardless of transaction thresholds.

Market Infrastructure

CFTC Chairman Seeks Formal Guidance on Phase 5 Initial Margin

By Manesh Samtani | 06/05/2019

Chairman Giancarlo seeks regulatory guidance clarifying that entities with calculated initial margin amounts less than $50mn need not make preparations to exchange initial margin.

Crypto / Digital Assets

ESG: The Un-Hyped Acronym

By Philippe Dirckx | 06/05/2019

Compliance to ESG standards and principles will permanently transform the way we conduct business, says international banking veteran Philippe Dirckx.

Market Infrastructure

FSB Designates UK Agency as Sole UPI Service Provider

By Editors | 03/05/2019

The Derivatives Service Bureau will be the sole issuer of UPI codes and operate the UPI reference data library, facilitating the use of OTC trade reporting data in assessing systemic risk.

Securities / Derivatives

Hong Kong Proposes Enhancements to OTC Derivatives Regime

By Manesh Samtani | 29/04/2019

In a joint consultation, the HKMA and SFC propose to mandate the use of UTIs in OTC derivatives trade reporting, and to discontinue masking relief for all jurisdictions but China.

Market Infrastructure

Supervisors Should Avoid Fragmenting Clearing Ecosystem – Report

By Editors | 07/04/2019

A report from the World Federation of Exchanges and Oliver Wyman urges supervisors to ensure outstanding CCP reforms are implemented in line with agreed principles to avoid fragmentation.

Uncategorised

Behavioural Insights Can Help Regulators Protect Investors – IOSCO

By Editors | 03/04/2019

The report provides guidance to help regulators better understand the behaviour of retail investors in making financial investment decisions to aid in policy development.