Sustainable Finance

GFANZ Launches APAC Network to Accelerate Move to Net Zero

08/06/2022

GFANZ has opened a new regional headquarters in Singapore, with support from SGX, Temasek and MAS.

Fraud, Scams & Cybercrime

Investment Scams On the Rise in Australia: ACCC

08/06/2022

Australia has seen a sharp increase in investment scams this year. Text messages have become the most common scam contact mode.

Operational Risk

China Banks Urge Regulators to Relax Document Stamping Rules

08/06/2022

Banks are being forced to halt loan and foreign exchange services for some businesses due to document stamping requirements.

Cryptocurrency

BIS Paper Explains Why Crypto Cannot Function as Money

08/06/2022

Fragmentation without interoperability implies that cryptocurrencies cannot fulfil the role of money as a coordination device, the paper says.

Supervision & Enforcement

GCFFC Forms New Technology Experts Working Group

08/06/2022

The working group will identify areas of the fighting financial crime ecosystem that would benefit most from available technology upgrades.

Capital Adequacy

New Capital Rules May Force Philippine Rural Banks to Close

08/06/2022

RBAP president Albert Concha says higher capital requirements proposed by BSP will cause rural bank closures and stunt financial inclusion initiatives.

Supervision & Enforcement

OJK Indonesia to Enhance Regulatory Cooperation with APRA, FSA

08/06/2022

The APRA MoU is focused on banking and insurance supervision. The FSA agreement focuses on digital innovation in the financial services sector.

Sustainable Finance

Five Banks Join HKMA-IFC Green Banking Initiative

08/06/2022

BOCHK, Citi, Crédit Agricole CIB, HSBC and StanChart will work closely with IFC and HKMA to advocate client adaptation and promote green finance.

Climate Risk

CFTC Consults on Climate Impacts to Derivatives, Commodities

07/06/2022

The CFTC may use the information collected to inform actions such as the issuance of new or amended guidance, interpretations, policy statements, or regulations.