International

Fintech / Regtech

BIS Innovation Hub Completes Project Nexus Proof-of-Concept

By Editors | 23/03/2023

The next phase of Nexus will connect the instant payment systems of Singapore, Indonesia, Malaysia, Philippines and Thailand.

ESG / Sustainability

IASB to Explore How Financial Statements Could Better Reflect Climate Risks

By Editors | 23/03/2023

The IASB will ensure any proposals work well with the IFRS Sustainability Disclosure Standards due to be issued by the end of Q2 2023.

ESG / Sustainability

IIGCC Issues Final Net Zero Infrastructure Guidance

By ESG Investor | 23/03/2023

The IIGCC guidance allows investors to assess alignment based on six criteria, including whether targets cover all scopes of emissions.

Crypto / Digital Assets

Stablecoin Reserves Should be Held at Central Banks: Circle

By Editors | 22/03/2023

Circle is seeking to be able to hold USD reserves with the Fed rather than with various financial partners. In the long run, a wholesale CBDC could be used.

Market Infrastructure

Migration to ISO 20022 Message Standard Commences

By Editors | 22/03/2023

This marks a significant milestone for the payments industry and the start of a coexistence period until November 2025, Swift said.

AML / KYC

Upbit’s Azman Hamid Discusses Travel Rule Adoption in APAC

By Editors | 21/03/2023

Upbit’s Azman Hamid discusses the UAE’s addition to the FATF grey list and APAC’s implementation of the FATF recommendations on virtual assets.

ESG / Sustainability

APAC Firms Targeting ESG Metrics in Exec Pay “Surge” – WTW

By ESG Investor | 21/03/2023

Public companies across APAC are increasingly integrating ESG metrics into their executive remuneration programmes, says investment consultancy firm WTW.

ESG / Sustainability

IPCC: Remove Climate Finance Barriers to Avert Decline

By ESG Investor | 20/03/2023

There is sufficient global capital to rapidly reduce GHG emissions if existing barriers are reduced, the IPCC says in a new report.

Crypto / Digital Assets

Gibraltar’s Xapo Bank to “Fully Integrate” with USDC Stablecoin

By Mark Johnston | 20/03/2023

Users can send USDC using USD funds in their Xapo Bank accounts, with no fees incurred. Any USDC received is instantly converted to dollars.