Banks are directed to allow accounting firms to use digital platforms to request and receive confirmation letters for use in audits.
January 16, 2023The research project is expected to take about a year to complete and will involve the development of a limited-scale CBDC pilot operating in a ring-fenced environment.
August 10, 2022PPPs could benefit from the FATF providing a clearer endorsement of their benefits within the global framework, the paper says.
July 13, 2022The BOT is planning to also introduce sandboxes in the virtual banking and digital assets space, the relevant regulations are in place.
June 2, 2022Treasury highlighted efforts to address illicit finance risks associated with shell companies, all-cash real estate purchases, and virtual assets.
May 18, 2022A shift to digital-first AML auditing and more open communications will improve efficiency and effectiveness for regulators and regulated entities alike, writes Claus Christensen.
April 4, 2022HKEX will introduce a new platform for ESG-related products, ETF connect schemes with the mainland, more yuan products, and more listing reforms.
March 30, 2022The participants of the pilot programme include 32 listed companies, 7 accounting firms, 7 banks, and 1 third-party digital platform provider.
February 11, 2022The model used in the PoC preserves the current role of banks in the financial system and allows non-bank wholesale market participants to access the CBDC.
December 13, 2021ISDA was recognised for its work on LIBOR transition, initial margin compliance, Basel III benchmarking, digitisation initiatives, a new digital documentation platform, and ESG standards.
December 10, 2021