Big Picture

ESG / Sustainability

FSB Publishes Stocktake on Nature-related Financial Risks

By Manesh Samtani | 19/07/2024

Work by authorities indicates that FIs face large exposures to nature-related physical risk via their investments and financing activities.

Big Picture

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.

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.

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”.

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.

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.

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.

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.

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.