CBDCs

China Establishes CBDC Connectivity with Hong Kong FPS

07/10/2023

Members of the Hong Kong delegation at the Asian Games in Hangzhou are able to download the e-CNY mobile app and recharge their accounts via FPS.

Climate Risk

NGFS Publishes Conceptual Note on Short-term Climate Scenarios

07/10/2023

The conceptual note proposes five different climate scenario narratives to underpin the short-term dynamics associated with various transition and physical impacts.

Cryptocurrency

ESMA Issues Second Consultation on MiCA Technical Standards

07/10/2023

The consultation covers sustainability indicators of CASPs, trade transparency, record-keeping, and machine-readability of white papers.

Anti-Bribery & Corruption

Malaysia’s High Court Penalises Former Bank Rakyat Execs

06/10/2023

Bank Rakyat’s ex-chairman and ex-managing director breached their fiduciary duties by arranging sponsorship for a book about Najib Razak in 2016.

ESG Data

Canada’s Main Market Operator Launches ESG Data Hub

06/10/2023

The data hub will include climate action plans, impact quantifying, company and controversy screening, news and event coverage, and corporate peer analysis.

Emerging Prudential Risks

BCBS to Issue New Consultations on Climate, Crypto Disclosures

06/10/2023

Consultation on bank disclosures of crypto exposures coming “soon”. Consultation on Pillar 3 disclosures for climate-related financial risks coming in November.

Sustainable Finance

Bursa Malaysia Issues Handbook for Voluntary Carbon Market

06/10/2023

The handbook defines the roles and functions of key entities in Malaysia’s carbon market operations, and provides information on how the Bursa Carbon Exchange works.

Anti-Money Laundering

Singapore Property Agents Found Guilty of Breaching AML Rules – Report

06/10/2023

The agents failed to comply with regulations relating to obtaining, documenting and verifying the accuracy of the identifying information of the buyers.

PEPs & Sanctions

OFAC Sanctions China-based Network for Fentanyl Production, Trafficking

04/10/2023

The DOJ unsealed indictments charging Chinese companies and their employees for illicit drug production, distribution, and sales of precursor chemicals.