Insurers must track regulatory changes and make operational adjustments to meet new requirements, said the Clearwater Analytics survey.
As many as 47% of respondents cited geopolitical risk as the number one risk impacting the global financial system in 2024.
The report presents findings from two surveys and other analysis to recommend talent development strategies for Hong Kong's financial industry.
Morrison Foerster’s survey saw 53 per cent of respondents citing evolving regulatory regimes and unreliable data as obstacles for ESG investing.
IOSCO describes the challenges of addressing greenwashing and provides an overview of initiatives undertaken in various jurisdictions to tackle this risk.
The Good Practices cover regulatory frameworks, primary market issuance, secondary market trading, and use and disclosure of use of carbon credits.
The World Bank will help 15 countries earn income from the sale of carbon credits generated from preserving their forests.
The report points to potential gaps in central banks' internal capabilities and skills as a "key risk".
Governments have "low levels of understanding" on the ML/TF risks posed by illegal fishing, leading to poor AML/CFT responses.
The report says Project Tourbillon shows that it is feasible to implement payer anonymity and "quantum-safe blind signatures".
Loading more posts...
Sorry, no more posts
No more pages to load