International

    Big Picture

    FSB Publishes Work Programme for 2022

    By Editors | 31/03/2022

    Key focus areas include work to address Covid-19 scarring effects, enhance cross-border payments, and address financial risks from climate change.

    Fintech / Regtech

    BIS, MAS Launch Prototype Supervisory Analytics Platform

    By Manesh Samtani | 31/03/2022

    Project Ellipse can provide regulators with early warning indicators, analytics and prudential metrics to assist them in risk detection and banking supervision.

    ESG / Sustainability

    ADGM to Launch Regulated Carbon Exchange and Clearinghouse

    By Darien Choong | 31/03/2022

    ADGM will launch a carbon trading exchange and clearinghouse, offering trading in tokenised carbon credits, carbon credit futures and green energy contracts.

    Market Infrastructure

    ISSB Publishes First Sustainability Reporting Standards

    By ESG Investor | 31/03/2022

    The ISSB requests feedback on general and climate-focused disclosure drafts, which will be finalised by end of 2022.

    ESG / Sustainability

    Hong Kong to Develop VCM, Unify GBA Carbon Market

    By Manesh Samtani | 31/03/2022

    Hong Kong’s VCM will target local, Mainland and overseas buyers of carbon credits. Authorities will also work to establish a unified carbon market for the GBA.

    AML / KYC

    Japan to Tighten Russia Sanctions, G7 Rejects Ruble Option

    By Manesh Samtani | 30/03/2022

    Japan to impose new requirements on crypto exchanges. G7 rejects Russian demand for gas payments in rubles. US to help EU reduce dependence on Russian energy.

    AML / KYC

    Wolfsberg Group Issues Guidance on Managing Customer Risk

    By Manesh Samtani | 29/03/2022

    FIs should consider building “more holistic” customer profiles, using additional identity attributes and ensuring they are alerted to changes in data points.

    AML / KYC

    GLEIF to Include Organisational Role Information in vLEI

    By Editors | 29/03/2022

    GLEIF says the new ISO 5009 standard facilitates a universal approach for including official organisational role information in digital ID credentials.

    Market Infrastructure

    NGFS Forms New Task Force to Address Nature-related Risks

    By Manesh Samtani | 28/03/2022

    The extent and severity of the physical and transition risks linked to biodiversity loss will be more difficult for the financial industry to assess than for climate change.

    AML / KYC

    US, Australia Impose Sanctions Over DPRK Missile Tests

    By Manesh Samtani | 28/03/2022

    The sanctions were imposed against Russian and North Korean entities and individuals over missile tests on 27 February, 5 March and 24 March.

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