International

    Cybersecurity

    FS-ISAC Warns of Cyber Risk ‘Trifecta’ in 2022 and Beyond

    By Editors | 15/03/2022

    Boards, auditors, and regulators will demand that firms level up their incident response playbooks, tools, and platforms.

    Resolution & Recovery

    Standard-setters Assess Adequacy of CCP Resolution Tools

    By Editors | 10/03/2022

    New report analyses default and non-default loss scenarios potentially extreme enough to require the use of CCP recovery and resolution tools.

    Reporting & Disclosures

    Greening Asia Through Data and Regulation

    By Steven Yankelson | 09/03/2022

    Effective and efficient ESG risk management and reporting practices can be enabled through better data and technology, says Steven Yankelson.

    PEPs & Sanctions

    US Ramps Up Russia Pressure With Energy Import Ban

    By Manesh Samtani | 09/03/2022

    Russian energy will no longer be accepted at US ports and will be phased out in the UK and EU. New sanctions imposed by APAC jurisdictions.

    Credit Risk

    BCBS Expresses Concerns About Credit Risk Uncertainty

    By Sanday Chongo Kabange | 07/03/2022

    Supervisors are concerned that residual support measures may be masking true credit risk conditions in the banking sector, the BCBS says.

    Anti-Money Laundering

    FATF Plenary Finalises New Beneficial Ownership Requirements

    By Manesh Samtani | 06/03/2022

    Plenary adopts amendments to Recommendation 24, approves revised methodology for mutual evaluations, publishes draft guidance for real estate sector.

    Anti-Money Laundering

    FATF Concerned About Impact of Ukraine Invasion on Risk Environment

    By Editors | 06/03/2022

    Russia’s actions run counter to the FATF core principles. The FATF is reviewing Russia’s role at the FATF and will consider steps to uphold its core values.

    Sustainable Finance

    APLMA, LMA, LSTA Publish New ESG Guidance Documents

    By Editors | 06/03/2022

    The guidance documents are intended to support the development of green, social, and sustainability-linked loans.

    Anti-Money Laundering

    UK, UAE Launch New Toolkit Targeting Illegal Wildlife Trade

    By Editors | 04/03/2022

    Financial institutions worldwide are urged to adopt the toolkit; share it with colleagues, peers and industry partners; and take action to stamp out IWT.

    PEPs & Sanctions

    Credit Suisse Attempts to Conceal Records on Russian Clients – Report

    By Editors | 04/03/2022

    Credit Suisse reportedly asked investors to destroy documents relating to a loan securitisation backed by “jets, yachts, real estate and/or financial assets”.

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