BIG PICTURE

Big Picture

Publicly Traded Companies Globally Fall Short in Codes of Conduct: Study

By Ranamita Chakraborty | 27/07/2023

LRN’s study on 200 top-traded companies in Asia, Europe and North America found that only 17 percent of them had highly effective codes of conduct.

Big Picture

US Govt Accountability Office Calls for Federal Oversight of Crypto Sector

By Editors | 27/07/2023

GAO report reveals significant regulatory gaps in crypto asset oversight, recommending comprehensive federal intervention to mitigate blockchain-related risks.

Big Picture

BIS Paper Proposes Solutions To Ease Cross-Border Payment Hurdles

By Ranamita Chakraborty | 25/07/2023

New working paper suggests setting up a global clearinghouse or digital money marketplace could boost cross-border payments.

Crypto / Digital Assets

Banque de France Releases New Findings from CBDC Experiments

By Editors | 25/07/2023

Banque de France has determined that wholesale CBDC would improve cross-border payments, settlement finality, and security for a “vast range of financial assets”.

Big Picture

AI Regulatory Sandboxes Need Cooperation and Expertise: OECD

By Ranamita Chakraborty | 19/07/2023

A recent OECD report on AI regulatory sandboxes highlights important policy considerations that emphasises the need to build AI regulatory expertise and interdisciplinary cooperation.

AML / KYC

FFC Asia 2023: Industry Faces Challenges in Advancing Beneficial Ownership Transparency

By Ranamita Chakraborty | 14/07/2023

Panellists at Regulation Asia’s Fraud and Financial Crime Asia conference highlighted the need for improved availability and accuracy of beneficial ownership information.

Fintech / Regtech

FFC Asia 2023: Professional AI Skills Needed in Financial Crime Fight

By Ranamita Chakraborty | 13/07/2023

Panellists at Regulation Asia’s Fraud and Financial Crime conference stressed the need to up-skill financial sector professionals so they can use AI in fighting financial crime.

Big Picture

BIS Releases Three Reports Covering Crypto, Stablecoins, CBDC

By Manesh Samtani | 13/07/2023

One report says explains why crypto assets are ill-suited to play a significant role in the monetary system. The other two discuss CBDC progress.

Enforcement

FFC Asia 2023: HKMA Says Information Sharing Key to Fighting Fraud

By Karen Ng | 13/07/2023

HKMA says information sharing among banks will be key to tackling the new challenges in the fraud and financial crime landscape.