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Big Picture
Risks in APAC Private Credit Sector are Limited: HKMA Research
By Manesh Samtani | 03/05/2024
However, further monitoring is warranted as private credit funds are increasingly open-ended, using leverage, and loosening their underwriting standards.
AML / KYC
Wolfsberg Group Responds to FATF Payment Transparency Consultation
By Manesh Samtani | 01/05/2024
Operators of payment market infrastructures should be brought into the scope of R.16 and ISO 20022 terminology should be adopted.
AML / KYC
GCFFC Estimates Human Trafficking Proceeds at $498b for 2024
By Manesh Samtani | 28/04/2024
APAC has the most human trafficking victims compared to other regions, including in terms of forced criminality, forced marriages, and sexual exploitation.
Big Picture
RBNZ Issues Response to Banking Competition Study
By Mark Johnston | 25/04/2024
The RBNZ disagrees with a Commerce Commission recommendation that the prudential capital settings for banks should be reviewed.
Fintech / Regtech
CFTC AI Rules Should Focus on Use Cases, Not Technology: FIA
By Manesh Samtani | 25/04/2024
FIA and other industry bodies say the focus should be on “the application of the technology within the context of a particular use case, not the technology as a whole”.
Big Picture
RBA Offers Analysis on Interlinking Fast Payment Systems
By Mark Johnston | 25/04/2024
The RBA’s analysis aims to inform future discussions about the potential for interlinking the NPP to fast payment systems in other countries.
Sanctions
Data is Key to Making Sanctions Work – RUSI Report
By Editors | 23/04/2024
Banks would be able to better identify red flags and stop illicit transactions if certain fields in SWIFT such as HS trade codes were made mandatory.
Big Picture
BIS Outlines Vision for Future Financial System, Called “Finternet”
By Manesh Samtani | 23/04/2024
The “Finternet” would enable multiple financial ecosystems to interconnect with each other, like the internet, using technologies such as tokenisation and unified ledgers.
ESG / Sustainability
ISDA Offers Recommendations to Address Greenwashing in VCMs
By Editors | 21/04/2024
Firms should improve third-party oversight and monitoring in respect of the due diligence being done on VCCs, protocol quality, rating programmes and advisors.
Big Picture
ISDA Offers Guidance on Using GenAI in Derivatives Markets
By Manesh Samtani | 19/04/2024
The report identifies use cases for GenAI in the OTC derivatives market, and explores regulatory issues, challenges and risks.
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