Opinions & Analysis

Capital Adequacy

China’s Proposed Capital Rules to Align with Final Basel III

By Vivian Xue | 17/05/2023

Vivian Xue and Grace Wu at Fitch Ratings estimate the four Chinese G-SIBs will need to issue at least CNY 1.3 trillion in capital instruments by January 2025.

Anti-Money Laundering

The Financial Action Task Force’s Challenge with Russia

By Fatima Alsancak | 15/05/2023

RUSI’s Fatima Alsancak says the FATF should consider Russia’s invasion of Ukraine as an impetus to update its standards and country assessment process to address corruption.

Operational Risk

Meeting the Challenge of HKMA Operational Resilience Requirements

By Shannon Wong | 15/05/2023

Shannon Wong and Lisa Huang discuss the HKMA’s expectations on operational resilience ahead of a fast approaching 31 May deadline.

Clearing & Post-Trade

Swap Connect – A New Addition to the Connect Family

By Chong Liew | 11/05/2023

Swap Connect will mark another milestone for Hong Kong as a “super-connector” between mainland China and the rest of the world, says Chong Liew.

AI Risk & Governance

AI Ethics: A Framework for Investment Professionals

By Siva Ramachandran | 06/05/2023

CFA Institute’s Siva Ramachandran and Phoebe Chan examine the ethical aspects of using AI tools in investment management.

ESG Data

An Unregulated ESG Rating System Reveals its Flaws

By Hazel Ilango | 04/05/2023

ESG ratings are instrumental in facilitating investment decisions, but can disrupt the stability of financial markets if unregulated, says IEEFA’s Hazel Ilango.

Trade Based Money Laundering

Combatting TBML Through Beneficial Ownership and Enhanced Transparency

By Jeremy Moller | 02/05/2023

Jeremy Moller discusses TBML trends, indicators, and how Australia’s proposed beneficial ownership registry could help mitigate this threat.

Cryptocurrency

Korea’s New Crypto Bill Passes Key Legislative Subcommittee

By Philip Gant | 28/04/2023

The “Virtual Asset User Protection Bill” consolidates and reconciles 19 legislative proposals introduced over the two years since May 2021.

Credit Risk

More Credit Downgrades Imminent Under Climate Change

By Hazel Ilango | 18/04/2023

Bond investors, including those who do not prioritize climate change mitigation, are unknowingly exposed to the increasing impact of climate-related credit risk.