BIG PICTURE

Big Picture

CPMI Explores Options, New Solutions to Increase PvP Adoption

By Editors | 02/08/2022

CPMI received “numerous promising proposals” for new solutions that may be capable of processing FX transactions that currently settle on a non-PvP basis.

Crypto / Digital Assets

WEF Consortium Assesses Macro Impact of Crypto, Stablecoins

By Editors | 26/07/2022

Allowing crypto and stablecoins to play a role in the economy will bring the “highest macroeconomic net benefit to society”, the research finds.

Big Picture

ECB Calls Out Crypto Assets for ‘Outsized Carbon Footprint’

By Editors | 24/07/2022

The ECB calls on investors and financial institutions to evaluate whether crypto undermines their ESG objectives and climate strategy.

Capital / Liquidity

Central Bank Liquidity Bridges Lower Costs of Cross-border Payments

By Editors | 24/07/2022

CPMI says central bank liquidity bridges can help reduce funding costs, FX costs, credit risks and operational risks for payment system participants.

Capital / Liquidity

BCBS Treatment of Banks’ Crypto Exposures Still Constraining: ISDA

By Manesh Samtani | 18/07/2022

ISDA chief executive Scott O’Malia says the new group 2 exposure limit presents a “significant constraint” on the extent to which banks can participate.

AML / KYC

Sanctions Over-Compliance Causes Human Rights Violations: UN Expert

By Editors | 18/07/2022

UN Special Rapporteur Alena Douhan says governments and FIs should be doing more to ensure over-compliance with sanctions does not negatively impact human rights.

Big Picture

HK Can Retain Hub Status for Alternative Asset Managers: AIMA

By Editors | 17/07/2022

Hong Kong should ensure financial services professionals can move freely, and expand Wealth Connect over time to include alternative asset classes, AIMA says.

Big Picture

Asset Managers Need to Collaborate on Risk, Compliance – IA

By ESG Investor | 15/07/2022

New report from the Investment Association and Deloitte offers recommendations for asset managers on net zero transition.

AML / KYC

Fraudulent Transactions Cost 4x the Loss Amount on Average

By Editors | 14/07/2022

Every $1 lost to fraud costs organisations an average of $3.99 in APAC, and around $6.33 for digital banks and alternative lenders, LexisNexis Risk Solutions finds.