Countries

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

Major shareholders cannot use borrowed funds to invest in banks, take out loans from the banks they invest in, or have cross-shareholdings with other banks.

The initiative will eliminate paperwork, reduce transaction processing time and offer a secure environment for processing LCs.

MAS is adopting a two-phased approach to migrate to ISO 20022, beginning with payments on MEPS+ in June 2022.

To allow SPACs in India, SEBI would have to either introduce a separate law or amend current regulations.

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.

Selected companies will be showcased prominently at Hong Kong Fintech Week 2021 which takes place from 1 to 5 November.

All licensed banks with significant operations in Hong Kong must prepare and submit a questionnaire on fintech adoption by 31 December.

The IMF says limiting global warming to 1.5 to 2 degrees will require a global carbon price of around $75 per ton, compared to only $3 per ton currently.

The new rules will help to standardise how commodity price indexes are compiled and improve transparency on the release of information.