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    Big Picture

    BAFT Publishes Best Practice Paper on ISO 20022 Migration

    By Ranamita Chakraborty | 16/01/2024

    The whitepaper guides financial institutions, payment providers, and tech vendors in migrating or planning to migrate to the ISO 20022 standard.

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    AML / KYC

    Crypto Firms Lead Surge in AML Fines: Report

    By Mark Johnston | 15/01/2024

    Fenergo’s annual report reveals a 57 per cent surge in penalties for non-compliance with financial regulations in 2023.

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    Sanctions

    Better Enforcement Needed on Russia-related Export Controls

    By Editors | 15/01/2024

    New report calls for coalition authorities to address the role of third-country intermediaries in export controls circumvention schemes.

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    Big Picture

    Teething Issues: OTC Derivatives Reporting Rewrites in APAC

    By Manesh Samtani | 10/01/2024

    The more challenging aspects of implementation involve jurisdiction-specific data fields, the UTI waterfall, UTI generation, and ISO 20022.

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    New Margin Models Offer Improved Efficiency: FIA Analysis

    By Ranamita Chakraborty | 09/01/2024

    While offering capital efficiency benefits, VaR models pose challenges for CCPs due to their increased complexity and reduced transparency.

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    Fintech / Regtech

    Large Language Models Can’t Yet be Used for ‘Highstakes’ Analysis: BIS

    By Manesh Samtani | 06/01/2024

    Current large language models like GPT-4 do not yet have the “rigorous reasoning abilities necessary for some core analytical activities”.

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    Early Testing Will Be Key to Derivatives Reporting Compliance

    By Manesh Samtani | 04/01/2024

    DTCC’s Chris Childs and Priya Kundamal say there is no replacement for early testing to ensure data and reporting systems are fit for purpose.

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    ESG / Sustainability

    HKMA Study Assesses Climate Risks of HK-domiciled Funds

    By Sanday Chongo Kabange | 29/12/2023

    The study found that the climate risk of HK-domiciled funds is “in line with funds domiciled in other Asia-Pacific economies.”

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    Big Picture

    “No Threshold” Approach Way Forward for Beneficial Ownership Frameworks

    By Ranamita Chakraborty | 27/12/2023

    Experts recommend proper legal frameworks, comprehensive verification processes, and international cooperation, to improve the effectiveness of beneficial ownership systems.

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    ESG / Sustainability

    HKMA Study: Climate Change Will Dampen Housing Prices

    By Editors | 26/12/2023

    The study finds that global warming and severe typhoons can meaningfully lower housing prices in Hong Kong in the long run.

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