Big Picture

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

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

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.

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

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

The report offers a range of policy actions that can be adopted for DeFi, ranging from the introduction of new licence types and imposing prohibitive measures to doing nothing at all.

The IMF recommends enhancing monitoring of lending to Mainland China, increasing oversight over banking groups, and regulating mortgage lending by non-banks.

Five asset managers have been appointed to manage S$1.8bn of Singapore's official foreign reserves under new mandates focused on climate change and the environment.

The BOE seeks feedback on the discussion paper as it examines how CBDCs and stablecoins could impact the financial system and wider economy.

Banks facilitating transactions involving maritime trade must put in place systems and processes to detect illicit activity that could result in a breach of sanctions regulations.