On 5 June 2024, the Securities and Futures Commission (SFC) published a speech by its Chief Executive Officer, Ms Julia Leung, on ‘Building a Fintech Ecosystem to Shape the Future of Finance’.
In the speech, Ms Leung focuses on distributed ledger technology (DLT), noting that financial professionals are debating whether it
On 14 June 2024, the Financial Stability Board (FSB) issued a press release following its Plenary in Toronto.
Key points in the press release include:
On 5 June 2024, the International Organization of Securities Commissions (IOSCO) published a final report on market outages.
The final report follows a consultation that IOSCO conducted last December.
IOSCO notes that market outages, particularly if they occur on a listing trading venue, can be highly disruptive, impacting price discovery and market resilience.
In our latest Global Regulation Tomorrow Plus podcast, Matthew Gregory, Joe Bamford, Hishaam Khan and Anita Edwards discuss the first annual governing body report, and the governing body’s obligations with respect to it, under the FCA’s Consumer Duty rules. Firms are required to have prepared the report by 31 July 2024, and in this podcast
On 3 June 2024, the International Organization of Securities Commissions (IOSCO) issued a final report – Leveraged Loans and Collateralised Loan Obligations (CLOs) Good Practices for Consideration.
The final report reflects the results of a public consultation launched on 14 September 2023.
In the final report IOSCO provides an overview
In the latest instalment of our Regulation Around the World series, Financial Services partners in over 10 jurisdictions review recent steps that financial services regulatory authorities have taken as regards investment research.
Our global updater is accompanied by further analysis and insights in our Regulation Around the World podcast which is available now to stream
On 29 April 2024, the Committee on Payments and Market Infrastructures (CPMI) published a Report on service level agreements for cross border payment arrangements, with recommendations and key features. The Report has been informed by a stocktake of existing cross-border arrangements and regular exchanges with practitioners.
The Report outlines the complexity of the
On 17 April 2024, the Financial Stability Board (FSB) published a consultation report that sets out policy recommendations to enhance the liquidity preparedness of non-bank market participants for margin and collateral calls in centrally and non-centrally cleared derivatives and securities markets (including securities financing such as repo).
The FSB has published these recommendations
In our EMEA regulatory insights series colleagues from our EMEA offices provide an update on some of the key regulatory issues they are seeing in their local market. In this latest episode Etelka Bogardi from our Hong Kong office discusses recent regulatory developments including derivatives reporting, the e-HKD Pilot Programme and Hong Kong Green Week
On 18 March 2024, the Financial Stability Board (FSB) published a revised version of its 2016 guidance on arrangements to support operational continuity in resolution.
The 2016 guidance assists supervisory and resolution authorities, and financial institutions to evaluate whether financial institutions that are subject to resolution planning requirements have appropriate arrangements to support