Payments & Settlements

MAS Partners with Mojaloop Foundation on Financial Inclusion

27/05/2021

The partnership will bring together MAS’ policy development perspectives and Mojaloop’s digital payments capability to advance financial inclusion.

ESG Data

NGFS Publishes Preliminary Findings on Climate-related Data Gaps

26/05/2021

The availability of reliable climate-related data requires swift progress on disclosures, global taxonomy, and transparent and quality-assured metrics, the NGFS says.

Cloud & Infrastructure

Malaysia Launches Islamic Fintech Accelerator Programme

26/05/2021

The FIKRA Islamic Fintech Accelerator Programme seeks to promote an Islamic fintech innovation ecosystem in Malaysia’s capital market.

Conduct, Culture & Accountability

Korea FSS Orders IBK to Compensate Investors Over Mis-sold Funds

26/05/2021

The FSS said IBK failed to adequately inform customers of potential high risks and lacked internal controls to monitor the selling process.

CBDCs

Bank Indonesia Explores CBDC as Legal Payment Instrument

26/05/2021

The central bank is assessing which platform and technology it will use to issue a digital rupiah as a legal digital payment instrument in Indonesia.

Trading & Investment

Hong Kong Considers Replacing State Street as TraHK Manager

26/05/2021

Officials reportedly commissioned an independent study to review State Street’s role in managing Hong Kong’s Tracker Fund.

Trading & Investment

CBIRC Approves Goldman Sachs Wealth Management JV

26/05/2021

Preliminary approval will allow Goldman Sachs Asset Management to own a 51 percent stake in the joint venture with ICBC Wealth Management.

Climate Risk

IAIS Offers Supervisory Guidance on Climate Risk in Insurance Sector

25/05/2021

New paper sets out recommendations to promote a globally consistent approach to the supervision of climate-related risks in the insurance sector.

Conduct, Culture & Accountability

IOSCO Explores Conduct Risks in Leveraged Loan, CLO Markets

25/05/2021

IOSCO is looking to understand potential conflicts of interest and misaligned incentives that may exist among participants in the leverage loan and CLO markets.