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    FSB Proposes Measures to Address Cross-border Payment Frictions

    By Manesh Samtani | 17/07/2024

    Two new FSB reports offer policy recommendations to address legal, supervisory and regulatory frictions in cross-border payments.

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    Crypto / Digital Assets

    World Bank Paper Explores Interoperability Between CBDC and FPS

    By Editors | 16/07/2024

    The paper says internal experimentation demonstrated how CBDC systems could interoperate with retail payment systems through an interlinking bridge.

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    ESG / Sustainability

    ASIFMA Report Offers APAC Guidance on ISSB Adoption

    By Manesh Samtani | 15/07/2024

    The report says APAC jurisdictions should adopt IFRS S1 and IFRS S2 simultaneously, to prevent the risk of a “country or market discount”.

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    AML / KYC

    Global Implementation of AML Measures for Crypto “Still Lagging”

    By Manesh Samtani | 10/07/2024

    The FATF says there has been “negligible improvement” in regulating virtual assets and “insufficient progress” in implementing the travel rule.

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    AML / KYC

    AUSTRAC Releases Two National Risk Assessments

    By Editors | 09/07/2024

    The NRAs provide an understanding of the scale, sophistication and threat of money laundering and terrorism financing in Australia.

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    Big Picture

    FSB Evaluates Impact of G20 Reforms on Securitisation

    By Editors | 03/07/2024

    Risk retention and higher prudential requirements have enhanced the resilience of securitisation markets, the FSB says.

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    Big Picture

    BIS Urges Central Banks to Keep Pace with AI

    By Nithya Subramanian | 27/06/2024

    In the financial sector, AI can improve efficiencies and lower costs for payments, lending, insurance and asset management, the BIS said.

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    Big Picture

    HKIFA, KPMG Call for Further Enhancement of Cross-Border Schemes

    By Sanday Chongo Kabange | 26/06/2024

    The report said that strengthening cross-border schemes and tax incentives would boost the asset management industry.

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    AML / KYC

    National Risk Assessment Reinforces Need for AML Reforms: AUSTRAC CEO

    By Editors | 20/06/2024

    AUSTRAC CEO Brendan Thomas said the need to respond to the vulnerabilities posed by professional services firms is now “more critical than ever”.

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    Crypto / Digital Assets

    BIS Publishes Results of Latest CBDC, Crypto Survey

    By Editors | 17/06/2024

    Central banks are now more likely to issue a wholesale CBDC than a retail CBDC within the next six years.

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