Sustainable Finance

Thailand SEC Launches ‘SDG Investor Map’

15/07/2022

The SEC says the SDG Investor Map will promote the capital market as a mechanism for driving Thailand towards the UN SDGs.

Cloud & Infrastructure

IOSCO Publishes Report on Use of Innovation Facilitators

15/07/2022

The report offers recommendations on three types of innovation facilitators – innovation hubs, regulatory sandboxes, and regulatory accelerators.

Climate Risk

Encouraging Progress on Climate Risk Roadmap: FSB

15/07/2022

The FSB has published its first annual stocktake on progress to address climate-related financial risks since the release of its roadmap last July.

Structural Regulation

OECD Confirms Timeline Revision for New Global Tax Rules

15/07/2022

A new international treaty for the Pillar One reforms will be finalised by mid-2023 for entry into force in 2024.

Conduct, Culture & Accountability

ASIC Bans Excessive Fees Charged to Small Credit Customers

15/07/2022

ASIC’s orders prohibit the provision of short term credit and continuing credit contracts which involve unreasonably high fees charged to retail clients.

Fraud, Scams & Cybercrime

Fraudulent Transactions Cost 4x the Loss Amount on Average

14/07/2022

Every $1 lost to fraud costs organisations an average of $3.99 in APAC, and around $6.33 for digital banks and alternative lenders, LexisNexis Risk Solutions finds.

Stablecoins

CPMI, IOSCO Issue Final Guidance on Stablecoin Arrangements

14/07/2022

CPMI and IOSCO confirm that the PFMI apply to systemically important stablecoin arrangements that transfer stablecoins.

PEPs & Sanctions

UK Issues Guidance on Preventing Sanctions Evasion

14/07/2022

London-based enablers are “almost certain” to be in senior positions within their company or business, says a red alert from the NCA and OFSI.

Fraud, Scams & Cybercrime

Australian Banks Introduce Dynamic CVV to Reduce Card Fraud

14/07/2022

Westpac customers who use dynamic CVV have seen an 80 percent reduction in fraud compared to those who don’t.