Big Picture

An estimated 2,000 professionals with both finance and AI/big data skills are needed to meet the talent gap in Hong Kong's financial industry.

The Bank of England is exploring whether to use capital add-ons or scalars to address weaknesses in climate risk management.

The FATF has published summary results from a stocktake to understand the unintended consequences that are occurring as a result of AML/CFT standards.

Sudden sharp movements in asset prices could spill over across the financial system and the unwinding of policy support could prompt insolvencies and credit losses.

Rapid scaling and better coordination of carbon markets are necessary to accelerate global decarbonisation and meet the Paris Agreement goals.

The report outlines how FIUs can benefit from the adoption of digital tools, including through improved data utility, analytical capacities, and STR management.

The mobilisation of finance to breakthrough technologies represents the "only viable path forward" to avoid irreversible damage to the planet, the WEF says.

While Asian emerging markets are better placed to withstand tightening global financial conditions, there are lingering causes for concern, says Agustín Carstens.

ESG investing is still nascent, but asset owners are expecting greater pressure to disclose and improve ESG practices.

Deputy governor Jon Cunliffe says a “plausible scenario” involving a collapse in crypto-asset prices would have financial stability implications.