International

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    Stablecoins

    EU Proposes Lower Risk Weights for Stablecoins, Tokenised Assets

    By Mark Johnston | 02/06/2023

    Stablecoins backed by non-fiat assets such as gold would have a 250% risk weight. Those backed by fiat currency would be treated the same as the underlying.

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    Climate Risk

    NGFS to Develop Transition Planning Standards for Supervisors

    By Ranamita Chakraborty | 02/06/2023

    MAS head Ravi Menon, who chairs the NGFS, said guidance on transition planning will be produced to help supervisors set expectations for FIs.

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    AI Risk & Governance

    Leading Regtech Firms Announced as Winners at Pitch! Regtech

    By Editors | 01/06/2023

    Judges selected Aboitiz Data Innovation, HAWK:AI, Synpulse, and Rimm Sustainability as the winners at Regulation Asia’s inaugural Pitch! Regtech event.

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    Reporting & Disclosures

    Financial Institutions Press Companies on CDP Disclosure

    By ESG Investor | 01/06/2023

    Financial institution signatories to CDP are demanding data on climate change, deforestation and water security from more than 1,600 high-impact companies.

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    Anti-Money Laundering

    BIS Innovation Hub Concludes Study on Data Technologies for AML

    By Manesh Samtani | 01/06/2023

    Project Aurora highlighted the importance of payments data and demonstrated how privacy-enhancing technologies can enhance cross-border collaboration.

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    Payments & Settlements

    CPMI Seeks Experts on Cross-border Payment APIs

    By Editors | 31/05/2023

    API experts are invited to join a new CPMI panel to work onharmonisation of API protocols used in cross-border payments.

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    Operational Risk

    ORX Launches New Greenwashing Scenario Toolkit

    By Editors | 30/05/2023

    The toolkit is designed to support banks and insurers in creating a greenwashing scenario and help them tackle ESG-related operational risk.

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    Credit Risk

    IASB Seeks Feedback on IFRS 9 Impairment Requirements

    By Editors | 30/05/2023

    The IASB is seeking feedback to help it assess whether the impairment requirements in IFRS 9 are continuing to work as intended.

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    PEPs & Sanctions

    OFAC Sanctions the Head of the Wagner Group in Mali

    By Editors | 30/05/2023

    OFAC says the Wagner Group has been attempting to purchase military systems from foreign suppliers and routing these weapons through Mali for use in Ukraine.

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    Fraud, Scams & Cybercrime

    Singapore Court Order Credit Suisse to Pay Georgian Billionaire

    By Editors | 29/05/2023

    Credit Suisse was ordered to pay billionaire Bidzina Ivanishvili $926mn in compensation for failing to safeguard his assets from misappropriation.

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