BIG PICTURE

Big Picture

Industry Cooperation is Key to Trade Finance Innovation

By Henry Roxas | 27/06/2021

R3’s Henry Roxas discusses the prevalence of paper-based methods in trade finance and the need for broader industry efforts to digitise practices.

Big Picture

ASIFMA Calls for Harmonised Approach to Regulating AI

By Editors | 25/06/2021

Regulators should leverage existing frameworks that largely already address and mitigate the key risks associated with the increased use of AI.

Big Picture

Citadel Securities Offers Best Practices to Address Exchange Outages

By Manesh Samtani | 24/06/2021

Common issues that have compounded the impact of recent outages continue to be largely overlooked by some exchanges.

Big Picture

Enterprise Ireland, Kapronasia Publish APAC Regtech Study

By Manesh Samtani | 23/06/2021

Lengthy procurement processes, cumbersome IT and security approvals, and implementation complexity are hindering APAC regtech adoption.

Market Infrastructure

GFMA, BCG Publish Principles for Climate Finance Taxonomies

By Editors | 23/06/2021

The principles are based on a broader definition of climate finance which goes beyond debt instruments and captures equity financing and working capital.

Big Picture

NGFS Paper Sets Out Biodiversity Loss Research Agenda

By Editors | 21/06/2021

An NGFS/INSPIRE study group will seek to improve understanding of the link between biodiversity loss and financial stability.

AML / KYC

Basel Institute on Governance Takes Stock of Illicit Enrichment Laws

By Sanday Chongo Kabange | 21/06/2021

While some intricacies regarding illicit enrichment laws are yet to be properly tested in courts, they have “remarkable potential” in the field of asset recovery.

AML / KYC

WEF Offers Framework to Help Prevent Illicit Financial Flows

By Sanday Chongo Kabange | 16/06/2021

The “Unifying Framework” published this month sets out five core practices for gatekeepers to use to identify and respond to potential illicit activity.

AML / KYC

Financial Crime Compliance Costs to Reach $213.9bn for 2021

By Editors | 12/06/2021

KYC for onboarding and customer risk profiling were cited as the biggest challenges for APAC financial institutions in a LexisNexis Risk Solutions study.