International Organization of Securities Commissions

Cybersecurity

Moody’s Explores Credit Implications of Cyber Risk

By Manesh Samtani | 06/03/2019

Banks are at high risk because they hold the data and funds of private clients, and provide access to their services through multiple online and digital channels, says Moody’s Investors Service.

Structural Regulation

Thailand Moves to Transaction-based Calculation for THBFIX

By Editors | 04/03/2019

The “more credible” transactions-based approach will improve transparency and reduce risks of manipulation, and is in line with the IOSCO Principles for Financial Benchmarks, the BOT said.

Structural Regulation

RBI Consults on New Requirements for Benchmark Administrators

By Editors | 18/02/2019

The draft directions under consultation include requirements related to administrators’ minimum net worth, governance arrangements, and organisational structure, among other requirements.

Structural Regulation

Hong Kong Empowers FRC as Independent Auditor Oversight Body

By Editors | 18/02/2019

Hong Kong has gazetted an Amendment Ordinance empowering the Financial Reporting Council as an independent oversight body for the HKICPA and auditors of listed companies.

Data Privacy

IOSCO Members, ESMA Can Exchange Information Post-GDPR

By Editors | 15/02/2019

A decision by the European Data Protection Board will enable the continued sharing of information between ESMA and securities regulators outside the EU, in compliance with GDPR.

Cloud & Infrastructure

BigTechs, Outsourced Services Pose Financial System Risk – FSB

By Manesh Samtani | 14/02/2019

The FSB warns that BigTechs can achieve scale in finance very quickly, raising competitive pressures on incumbents. Rising dependencies on third-party services also present risks.

Structural Regulation

Implementation of Secondary Market Principles “Generally High” – IOSCO

By Editors | 13/02/2019

IOSCO has identified some gaps in the implementation of its ‘Secondary and Other Market Principles’, particularly in nascent and emerging market jurisdictions.

Structural Regulation

Regulatory Fragmentation Heightens Derivatives Market Risk – ISDA

By Manesh Samtani | 31/01/2019

Policymakers should reduce the gap between national regulations and global standards, and adopt a risk-based framework for the recognition of comparable regulatory regimes.

Clearing & Post-Trade

CSRC Grants QCCP Status to Major Futures Exchanges

By Editors | 29/01/2019

The CSRC says the move demonstrates China’s active promotion of the CPMI-IOSCO Principles for Financial Market Infrastructures and its intent to internationalise its futures markets.