ESG / Sustainability

MAS Unveils First Use Case for New AI Platform ‘NovA!’

22/06/2022

NovA! will initially be used for ESG risk assessments when originating, underwriting and servicing sustainability-linked loans for the real estate sector.

Fintech / Regtech

‘Substantial Changes” Needed to Fully Reap Benefits of DeFi: BIS

19/06/2022

A new BIS bulletin highlights a growing trend in DeFi to rely on forms of centralisation, and a need for it to ultimately fall within the regulatory umbrella.

Market Infrastructure

Japanese Tax System Derailing Tokyo Hub Ambitions: Report

16/06/2022

The plan to reform the tax system to attract hedge funds to Tokyo has resulted in “preferential treatment no one would use.”

Market Infrastructure

ASIC Calls on Listed Companies to Bolster Cyber Resilience

16/06/2022

Companies should review their cyber resilience settings and ensure detection, mitigation and response measures are adequate, says Greg Yanco.

AML / KYC

IMF Calls on Philippines to Enhance AML Supervision

14/06/2022

Limited actions to amend bank secrecy laws present risks to the Philippines. Casinos, the gaming industry, and crypto exchanges are flagged as risky.

Crypto / Digital Assets

ADDX to Recognise Crypto Assets for Investor Onboarding

14/06/2022

ADDX will begin recognising bitcoin and ether using a 50 percent haircut and stablecoin USDC using a 10 percent haircut.

Enforcement

SFC Proposes SFO Revisions to Improve Enforcement Tools

13/06/2022

The amendments relate to SFO provisions on remedial orders, insider dealing, and advertising of investment products.

Capital / Liquidity

CCyB Policy Was Effective in Mitigating Pandemic Shock: HKMA

08/06/2022

The HKMA finds that the CCyB release was effective in supporting bank lending, thus achieving its policy objective as a countercyclical tool.

Fintech / Regtech

BNM Issues Draft Guidance on Managing Cloud Risks

05/06/2022

The guidance sets out expectations on the governance processes, design principles, and operational controls FIs should consider when adopting cloud services.