BIG PICTURE

Big Picture

FSB Warns of Excessive Concentration Risk in in Commodity Markets

By Mark Johnston | 20/02/2023

The concentration of market power among a few firms and their reliance on debt increases the potential for market disruptions in commodity markets.

Crypto / Digital Assets

Crypto Crime Rose to Over $20b in 2022: Chainalysis

By Editors | 17/02/2023

Overall, Chainalysis says illicit activity in cryptocurrency remains a small share of total volume at less than 1 percent.

Big Picture

Some APAC Regulators Not Fully Operationally Independent: IOSCO

By Editors | 17/02/2023

Government officials in Singapore, Japan, Hong Kong, Australia and India have some ability to direct or influence securities regulators’ day-to-day operations.

Crypto / Digital Assets

FSB Assesses DeFi Vulnerabilities and How to Address Them

By Manesh Samtani | 17/02/2023

The FSB will consider changes to its proposed crypto regulatory framework to account for DeFi-specific risks, and policy responses to address TradFI-DeFi interactions.

Big Picture

ECB Concerned with Russia Exposures, Bad Debt Risks

By Editors | 14/02/2023

The ECB says it would welcome more exits from Russia by eurozone banks, and that higher borrowing costs could lead to a build-up of bad loans.

Big Picture

BIS Chief Calls for Regulatory Framework for Big Techs in Finance

By Manesh Samtani | 11/02/2023

Agustín Carstens says big techs involved in financial services are gaining systemic importance and may quickly become “too big to fail”.

ESG / Sustainability

ISDA Analyses Regulatory Treatment of SLDs in Singapore

By Editors | 09/02/2023

The paper considers how sustainability-linked derivatives would be classified and regulated in Singapore.

AML / KYC

FATF Publishes Annual Report for 2021-2022

By Editors | 07/02/2023

The report sets out the achievements of the FATF under the second year of Marcus Pleyer’s Presidency.

Big Picture

FSDC Paper Sets Out Key Factors to Facilitate VCM Growth

By Editors | 07/02/2023

FSDC paper discusses key considerations that would be conducive to the development of Hong Kong’s VCM ecosystem.