BIG PICTURE

Fintech / Regtech

GFIN Report Calls Out Risks to Consumers from AI

By Thisanka Siripala | 10/02/2025

The report says financial consumers could be harmed by black box approaches, data privacy issues, and AI washing.

Market Infrastructure

CPMI Addresses Challenges of Extending RTGS Operating Hours

By Manesh Samtani | 09/02/2025

CPMI says operators can implement changes to extend RTGS operating hours in conjunction with other modernisation efforts such as ISO 20022 migration

AML / KYC

FATF Annual Report Highlights Crypto Loopholes as Key Threat

By Thisanka Siripala | 07/02/2025

Six years after the FATF strengthened its virtual asset standards, 97 out of 130 jurisdictions are still not fully compliant.

ESG / Sustainability

Taxonomies in Southeast Asia Lack Ambition – Fitch

By ESG Investor | 06/02/2025

Sustainable Fitch says limited uptake could be attributed to the high benchmarks required for activities to qualify as transitional

Fintech / Regtech

BIS Paper Offers Guidance on AI Governance in Central Banking

By Thisanka Siripala | 06/02/2025

The report recommends that central banks integrate AI oversight into existing risk management frameworks and processes such as the 3LoD model.

Fintech / Regtech

HKMA Develops AI-Powered Sentiment Tracker for Mainland Property Market

By Manesh Samtani | 03/02/2025

The GenAI-driven sentiment index, which uses Chinese social media data, is able to act as a leading indicator for Mainland property sales

Big Picture

Wholesale CBDCs More Likely to Gain Traction Than Retail CBDCs – Report

By Thisanka Siripala | 31/01/2025

Wholesale CBDCs are more likely to launch ahead of retail CBDCs on account of clearer efficiency gains and lower barriers to adoption.

ESG / Sustainability

AFRC Assesses Readiness for Sustainability Reporting and Assurance

By Sanday Chongo Kabange | 28/01/2025

An increasing number of HK-listed entities are obtaining sustainability assurance, and more auditors are offering these services.

AML / KYC

UK FCA Calls on Brokers to Enhance AML Systems and Controls

By Mark Johnston | 27/01/2025

The FCA offers recommendations to improve risk assessments, KYC/CDD, governance, and transaction monitoring, among other areas.