BIG PICTURE

Big Picture

REITs Connectivity Will Boost Mainland and Hong Kong: HKEX

By Sanday Chongo Kabange | 13/10/2023

Expanding market connectivity to include REITs will increase Hong Kong’s attractiveness and promote the internationalisation of the Mainland capital market.

Crypto / Digital Assets

ESMA Publishes Two Papers on DeFi Risks and Categorisation

By Mark Johnston | 13/10/2023

One paper analyses the main features, benefits and challenges of DeFi. The other proposes a methodology to classify smart contracts.

AML / KYC

ML/TF Risks Facing the Australian Legal Profession: Report

By Manesh Samtani | 11/10/2023

Luke Murphy, president of the Law Council of Australia, said there are vulnerabilities but they can be managed by augmenting existing controls.

Big Picture

Banks Must Invest and Adapt to Changing Risks: Report

By Nithya Subramanian | 11/10/2023

As new technologies, players and risks emerge, global governments are broadening and deepening regulatory oversight, says a McKinsey report.

Big Picture

The Philippines Banks on Cloud Adoption for Operational Resilience

By Ranamita Chakraborty | 11/10/2023

BSP’s Jovelyn Hao shares at a conference how the Philippine central bank sees cloud adoption as an enabler for banks’ operational resilience.

ESG / Sustainability

ICMA Publishes Analysis of Greenwashing Risks

By Editors | 10/10/2023

ICMA says greenwashing is not prevalent in the sustainable bond market, but is an issue in the sustainable funds space.

Big Picture

Public-Private Partnership Key for G20 Cross-Border Payment Targets: FSB

By Ranamita Chakraborty | 10/10/2023

FSB’s Rupert Thorne tells Regulation Asia how public and private sectors play critical roles in achieving the G20’s cross-border payment targets.

Crypto / Digital Assets

Unregulated Crypto Could Create “Alternate Financial System”: IMF

By Nithya Subramanian | 09/10/2023

It has highlighted the need to step up transparency and data collection while proposing a country-level risk assessment matrix.

ESG / Sustainability

NGFS Publishes Conceptual Note on Short-term Climate Scenarios

By Editors | 07/10/2023

The conceptual note proposes five different climate scenario narratives to underpin the short-term dynamics associated with various transition and physical impacts.