Climate Risk

Malaysia to Introduce Mandatory TCFD-aligned Disclosures for FIs

13/12/2021

Guidance on climate risk management, scenario analysis and disclosures will be issued for consultation. Specialised training will be introduced in 2022.

Payments & Settlements

CPMI to Define Service Level Template for Cross-border Payments

13/12/2021

Agreed service levels will establish consistency and certainty for all cross-border payment stakeholders based on a common framework, CPMI says.

Fraud, Scams & Cybercrime

AUSTRAC Issues Financial Crime Guide on Disaster Payments Fraud

13/12/2021

The financial crime guide helps financial firms identify the misuse of emergency and disaster payments administered through Services Australia.

Conduct, Culture & Accountability

HK Associations Published Revised Code of Banking Practice

13/12/2021

Banks are expected to achieve full compliance with the new provisions within six months. The Code is endorsed by the HKMA.

Anti-Money Laundering

FATF Calls for Global Action on Environmental Crime

13/12/2021

For the first time, the UNODC, UNEP and CITES met with the FATF to discuss partnerships to fight money laundering from environmental crimes.

AI Risk & Governance

Regulation Asia Awards for Excellence 2021 – Results Announcement

10/12/2021

Regulation Asia held its fourth annual Awards ceremony on 9 December 2021. Here we explain our methodology and announce the winners for the year.

Capital Adequacy

ISDA Named Industry Association of the Year

10/12/2021

ISDA was recognised for its work on LIBOR transition, initial margin compliance, Basel III benchmarking, digitisation initiatives, a new digital documentation platform, and ESG standards.

Reporting & Disclosures

Synpulse Recognised for Work to Address Regulatory Challenges

10/12/2021

Synpulse helped clients with ESG gap assessments, periodic KYC review enhancements, and a data management framework uplift project, among others.

Anti-Money Laundering

PwC Awarded Consulting Firm of the Year

10/12/2021

PwC was recognised for its work in four core areas – risk and regulatory reporting, financial risk management, financial crime compliance and risk mitigation, and cyber and forensics.