International

Resolution & Recovery

FSB Proposes Toolbox of Financial Resources and Tools for CCP Resolution

By Editors | 21/09/2023

New consultation report proposes a “toolbox approach” as a global standard for CCP financial resources and tools for resolution.

Supervision & Enforcement

FATF, INTERPOL Host Second Ever Joint Engagement on Asset Recovery

By Manesh Samtani | 21/09/2023

FATF president T Raja Kumar said there needs to be a major mindset and culture shift to focus on asset recovery as a national law enforcement priority.

Reporting & Disclosures

Exploring Sustainable Finance Dynamics Across APAC and Beyond

By Ranamita Chakraborty | 21/09/2023

Regulation Asia spoke to sustainability experts to uncover crucial global insights about the ESG reporting and sustainable finance landscape.

Nature & Biodiversity

Verra Consults on First Iteration of Nature Framework

By Editors | 20/09/2023

The Framework outlines how projects can generate Nature Credits, which represent positive investments in nature and can contribute to the GBF goals and targets.

Structural Regulation

Four Jurisdictions “Slow” on Approvals for UBS-Credit Suisse Merger

By Editors | 20/09/2023

Internal UBS document says uncooperative regulators could jeopardise the timeline of the merger as well as other related transactions.

Anti-Money Laundering

Companies Commission of Malaysia’s Ravin Kaur Highlights Money Laundering Risks in Shell Companies

By Editors | 20/09/2023

Ravin Kaur, Senior Policy Advisor, AML/CFT Expert at Companies Commission of Malaysia, spoke at Regulation Asia’s Fraud & Financial Crime Asia 2023 event on 13 July. At the sidelines of the event, she shared how shell companies are being exploited for money laundering and transnational crime. She called for regulators and gatekeepers to conduct better customer due diligence when onboarding corporate entities to prevent misuse of shell companies.

Custody & Infrastructure

Major FMIs to Collaborate on Digital Assets Development

By Editors | 20/09/2023

DTCC, Clearstream and Euroclear will work to improve standardisation and interoperability in the industry, focusing on real-money assets.

CBDCs

The Future Legal Tender: Chinese Views on CBDC

By Stephen Deane | 19/09/2023

Stephen Deane and Olivier Fines discuss the findings of a global survey on CBDCs, focusing on views from respondents in mainland China.

Sustainable Finance

GFANZ Seeks “Rigour” on Transition Finance Strategies

By ESG Investor | 19/09/2023

New GFANZ consultation seeks feedback on a principles-based approach to the four key net zero financing strategies identified last year.