BIG PICTURE

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.

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.

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.

Big Picture

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.

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”.

Big Picture

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.

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.”

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.

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.