ESG / Sustainability

Korea Timeline for Mandatory ESG Disclosures Still Uncertain

27/04/2025

FSC vice chairman suggests that mandatory ESG disclosures will be relaxed and postponed in Korea, like the EU is proposing.

Fintech / Regtech

China Launches Pilot Programme to Automate Audit Report Verification

26/04/2025

Eight pilot banks will be able to use a new system to verify that audit reports received from loan applicants are genuine and up-to-date.

Crypto / Digital Assets

BIS Publishes Findings from DLT Project to Enhance FX Settlements

25/04/2025

Project Meridian FX demonstrated the technical feasibility of using “synchronisation operators” to modernise FX settlements, improve interoperability, and increase efficiency.

Sanctions

China, Russia Are Using a New Payments Netting System to Trade Freely

25/04/2025

The netting system, set up by sanctioned banks, has become the cheapest way for settling trade between Russia with China

Securities / Derivatives

China Issues New Bond Valuation Guidelines for Interbank Market

25/04/2025

NAFMII’s guidelines aim to standardise the valuation process, emphasising transparency, independence, objectivity, prudence and fair competition.

ESG / Sustainability

China Issues Work Plan for Opening Up Services Industry

24/04/2025

The plan includes several measures specific to the financial industry, including attracting overseas funds to invest in green projects

Crypto / Digital Assets

BIS Publishes Findings from Project to Tokenise MDB Promissory Notes

24/04/2025

Project Promissa developed a DLT platform for tokenised promissory notes, enabling more efficient management of the notes throughout their lifecycle.

Market Infrastructure

FSB to ‘Intensify Engagement’ on Cross-border Payments

24/04/2025

Klaas Knot’s final letter to the G20 ministers says progress to enhance cross-border payments hasn’t yet led to “material improvements” for end-users.

AML / KYC

GCFFC Developing Global Model to Assist in Prioritising Financial Crime Types

23/04/2025

The model will provide authorities with a common basis to prioritise financial crimes based on pre-set criteria, ensuring they can maximise the use of limited resources.