BIG PICTURE

Crypto / Digital Assets

UK Law Commission Offers Recommendations on Digital Assets

By Manesh Samtani | 28/06/2023

The Law Commission suggests the introduction of a distinct category of personal property to better recognise and protect the unique features of digital assets.

AML / KYC

Russia Identified as “High Risk” Jurisdiction in New Report

By Manesh Samtani | 27/06/2023

AML think tank Themis says the threat Russia poses to the integrity of the global financial system has been increasing.

Big Picture

SNB Calls for Regulatory Changes to Prevent Future Banking Crises

By Mark Johnston | 23/06/2023

The SNB says Credit Suisse AT1 bonds should have been wiped out earlier, and that a review of the too-big-to-fail framework is needed.

ESG / Sustainability

Regulators Urged to Consider Climate Litigation as Relevant Financial Risk

By Ranamita Chakraborty | 22/06/2023

Major carbon-producing companies saw their firm value decrease following climate-related lawsuits and further reduce when unfavourable judgments were made.

Big Picture

French Regulator Calls for Global Approach to DeFi Regulation

By Editors | 21/06/2023

The AMF seeks a “balanced regulatory framework that will help support the sound development of decentralised finance in the long run”.

Crypto / Digital Assets

BIS Offers Blueprint for Future Monetary & Financial System

By Editors | 21/06/2023

The BIS says the future financial system will combine tokenised money and assets on a programmable platform.

Big Picture

Richmond Fed Offers Insights on the Use of AI in Banking

By Manesh Samtani | 19/06/2023

Bank supervisors express optimism regarding banks’ ability to leverage AI-based models in credit evaluation, despite the challenges.

Big Picture

Banque de France Says Second Version of MiCA is Needed

By Editors | 17/06/2023

Francois Villeroy de Galhau highlighted that MiCA currently does not cover crypto conglomerates, crypto lending, DeFi and NFTs.

Big Picture

Regulators Paying More Attention to Banks’ Cyber Resilience: FSI Paper

By Ranamita Chakraborty | 16/06/2023

The paper outlines how escalating cyber threats have resulted in the development of “second-generation” cyber regulations.