International

Stablecoins

EU Proposes Lower Risk Weights for Stablecoins, Tokenised Assets

By Mark Johnston | 02/06/2023

Stablecoins backed by non-fiat assets such as gold would have a 250% risk weight. Those backed by fiat currency would be treated the same as the underlying.

Climate Risk

NGFS to Develop Transition Planning Standards for Supervisors

By Ranamita Chakraborty | 02/06/2023

MAS head Ravi Menon, who chairs the NGFS, said guidance on transition planning will be produced to help supervisors set expectations for FIs.

AI Risk & Governance

Leading Regtech Firms Announced as Winners at Pitch! Regtech

By Editors | 01/06/2023

Judges selected Aboitiz Data Innovation, HAWK:AI, Synpulse, and Rimm Sustainability as the winners at Regulation Asia’s inaugural Pitch! Regtech event.

Reporting & Disclosures

Financial Institutions Press Companies on CDP Disclosure

By ESG Investor | 01/06/2023

Financial institution signatories to CDP are demanding data on climate change, deforestation and water security from more than 1,600 high-impact companies.

Anti-Money Laundering

BIS Innovation Hub Concludes Study on Data Technologies for AML

By Manesh Samtani | 01/06/2023

Project Aurora highlighted the importance of payments data and demonstrated how privacy-enhancing technologies can enhance cross-border collaboration.

Payments & Settlements

CPMI Seeks Experts on Cross-border Payment APIs

By Editors | 31/05/2023

API experts are invited to join a new CPMI panel to work onharmonisation of API protocols used in cross-border payments.

Operational Risk

ORX Launches New Greenwashing Scenario Toolkit

By Editors | 30/05/2023

The toolkit is designed to support banks and insurers in creating a greenwashing scenario and help them tackle ESG-related operational risk.

Credit Risk

IASB Seeks Feedback on IFRS 9 Impairment Requirements

By Editors | 30/05/2023

The IASB is seeking feedback to help it assess whether the impairment requirements in IFRS 9 are continuing to work as intended.

PEPs & Sanctions

OFAC Sanctions the Head of the Wagner Group in Mali

By Editors | 30/05/2023

OFAC says the Wagner Group has been attempting to purchase military systems from foreign suppliers and routing these weapons through Mali for use in Ukraine.