United States

Climate Risk

BCBS to Backtrack on Climate-related Standards – Report

By Editors | 04/04/2024

The BCBS plans to make its standards on disclosures and transition plans optional rather than universally adopted due to US pressure.

Tokenisation

Thai SEC Tightens Requirements for Sustainability-related Digital Tokens

By Editors | 04/04/2024

Issues of sustainability-related digital tokens will have to make additional disclosures and engage external reviewers to assess whether sustainability standards are met.

PEPs & Sanctions

OFAC Removes Former VTB Bank Subsidiary from Sanctions List

By Editors | 04/04/2024

German authorities took control of VTB’s European subsidiary in 2022. The Russian parent was unable to exercise its rights due to sanctions.

PEPs & Sanctions

More of Central Asia Stops Accepting Russian Mir Cards

By Editors | 04/04/2024

Kyrgyzstan’s national payments operator, and banks in Kazakhstan and Tajikistan, have stopped accepting Mir cards due to sanctions concerns.

Tokenisation

New BIS Project Seeks Overhaul of Global Payment System

By Manesh Samtani | 04/04/2024

Seven central banks will develop common infrastructure that can accommodate tokenised versions of wholesale central bank money and commercial bank deposits.

PEPs & Sanctions

US Lawmakers Propose Four New Anti-China Bills

By Editors | 03/04/2024

One bill would prevent index funds from investing in Chinese companies. Another would require listed companies to disclose their “China risks”.

PEPs & Sanctions

US Urges Korea to Restrict Technology Exports to China

By Editors | 03/04/2024

The US has asked South Korea to restrict the flow of equipment and technologies for making high-end logic and memory chips to China.

Supervision & Enforcement

Hong Kong Insurance Authority Signs Collaboration MoU with HKPF

By Sanday Chongo Kabange | 03/04/2024

The Insurance Authority and Hong Kong Police Force will collaborate on case referrals, joint investigations and capacity building.

Cloud & Infrastructure

The Compliance Complexity Driving RegTech Demand in APAC

By Ed Probst | 02/04/2024

The growing complexity of regulatory requirements including in the reporting space is prompting FIs to rethink their approach to compliance, says Ed Probst.