International

Big Picture

BCBS Expresses Concerns About Fourth Party Technology Risks

By Editors | 01/04/2022

Banks and supervisors are concerned that a lack of complete supply chain transparency may increase operational risk.

Fintech / Regtech

ISDA Publishes New Paper on Digital Regulatory Reporting

By Editors | 01/04/2022

DRR will allow for consistent rule interpretation, more streamlined and automated reporting, and fewer data quality issues, ISDA says.

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.