Events listed in Capital Markets
FSB publishes toolkit for enhancing third-party risk management and oversight
ID 26053
Financial institutions have historically engaged in outsourcing and third-party service relationships, which have evolved and expanded in recent years, presenting both benefits and new risks. The FSB recognizes the potential risks associated with these relationships and has responded by developing the present toolkit aimed at enhancing third-party risk management and oversight for financial institutions and financial authorities. The **toolkit addresses concerns related to ou ...
Consultation Paper on Proposed Amendments to the Capital Framework for Approved ...
ID 26051
The Monetary Authority of Singapore, MAS, has launched a consultation on „Proposed Amendments to the Capital Framework for Approved Exchanges (AEs) and Approved Clearing Houses (ACHs)“. The amendments aim to adapt the capital framework to international standards and enhance the resilience of AEs and ACHs particularly in view of their systemic relevance to the functioning of the financial market in Singapore. In its consultation, ...
Allied Climate Partners, International Finance Corporation, the Monetary Authority ...
ID 26048
The Monetary Authority of Singapore (MAS) has issued a statement to inform of a new collaboration agreement between Allied Climate Partners (ACP), International Finance Corporation (IFC), Temasek, and the Authority itself to address the financing gap in sustainable projects in Asia, particularly in Southeast Asia. Currently, an estimated US$1.7 trillion annually is needed to ensure sustainable growth and the achievement of global climate goals. ...
MAS Launches World’s First Multi-Sector Transition Taxonomy
ID 26047
The Monetary Authority of Singapore (MAS) has finally published – after four rounds of extensive consultation – a first taxonomy for the assessment of firms, activities, and projects as to their alignment with or contribution to Objective 1 noted in the document: Climate change mitigation (see explanation in the comment box). The Taxonomy thereby establishes technical screening criteria for eight key industrial sectors in ...
Orientamenti EBA sull’utilizzo di soluzioni di onboarding a distanza del ...
ID 26046
The Bank of Italy has updated its Nota n. 32, originally issued on 13 June 2023, as of 28 November 2023. The revision aims to: 1. Extend the application of the EBA Guidelines on the use of Remote Customer Onboarding Solutions under Article 13(1) of Directive (EU) 2015/849 – EBA/GL/2022/15 (eventid=18452) to include supervised institutions not initially covered by them. 2. Set a final ...
Ukraine: Berichtigung der Verordnung (EU) 2022/1904 des Rates über restriktive ...
ID 26045
A corrigendum to the German version of Council Regulation (EU) 2022/1904 setting out additional sanction measures towards Russia following its invasion of Ukraine was published in the Official Journal (OJ) of the EU. The corrigendum corrects an error in Annex VII which itself replaces Annex XXIII of Council Regulation (EU) No 833/2014 containing a list of products that are prohibited to be sold, supplied ...
Global Magnitsky Designations
ID 26044
The Office of Foreign Assets Control (OFAC) has published a press release to inform about new sanction measures. Specifically, the Office added one individual to its Specially Designated Nationals and Blocked Persons List (SDN List) due to its engagement in corruption in Guatemala pursuant to existing sanction regulations (Executive Order 13818 and 31 CFR Part 583). The affected person is the following: **MARTINEZ MORALES, ...
Russia-related Designations; Issuance of Russia-related General License
ID 26043
The Office of Foreign Assets Control (OFAC) has published a new press statement to inform about new sanction measures. Specifically, the Office added three entities and three vessels to its Specially Designated Nationals and Blocked Persons List (SDN List) pursuant to Executive Order 14024 which was signed by President Joseph Biden in 2021 and subsequently amended to install sanction measures for engagements in or ...
Bank of England and the Reserve Bank of India Memorandum of Understanding
ID 26042
On December 1, 2023, the Bank of England (BoE) issued a statement in which it informs of the signing of a Memorandum of Understanding (MoU) between the Reserve Bank of India (RBI) and the BoE itself aimed at facilitating the exchange of information and cooperation regarding the supervision of incoming Indian central counterparties (CCPs) such as Clearing Corporation of India Ltd. The MoU is ...
Memorandum of Understanding between the Office of Financial Sanctions (OFSI) and ...
ID 26041
The Memorandum of Understanding (MoU) between the Office of Financial Sanctions Implementation (OFSI) and the Financial Conduct Authority (FCA) establishes a framework for cooperation and information exchange. Effective from the date of signature, this MoU replaces a previous agreement dated April 2019 and governs the collaborative efforts of the two entities in carrying out their respective functions. Notably, it clarifies that the MoU is ...