Japan to place new restrictions on stablecoin issuance
Japan’s Financial Services Agency (FSA) has revealed it is proposing new restrictions that would only enable banks and wire transfer services to issue stablecoins.
Taiwan unveils climate risk guidelines for banks and insurers
Taiwan’s Financial Supervisory Commission (FSC) has issued guidelines for banks and insurers on the climate risk disclosures they will be required to make from 2023 onwards.
Arctic Intelligence bolsters financial crime capabilities through FrankieOne alliance
Australian RegTech firm Arctic Intelligence has entered into strategic alliance with FrankieOne to strengthen financial crime synergies between the two.
Hong Kong seeks global ESG standard adoption to reduce greenwashing
The chairman of Hong Kong’s Securities and Futures Commission (SFC) has revealed the regulator is looking to adopt global ESG standards to prevent cases of greenwashing.
Interpol arrests over 1,000 people, seizes $27m in large-scale fraud operation
A four-month long operation conducted by Interpol between June and September this year has led to the arrest of 1,003 individuals and capturing of $27m in illegal cash.
New EU legislation set to provide more independence to national regulators
The European Commission has proposed legislative changes that would ensure national regulators have a more independent role in their supervision of the financial industry.
New lending law comes into force in New Zealand to protect borrowers
A new responsible lending law has come into effect in New Zealand to protect borrowers and provide them with key lending protections.
Banks are failing to hit climate targets, ECB study finds
A report by the European Central Bank (ECB) has found that banks are partially or completely missing climate risk goals.
Philippines nearing the issuance of its first sovereign green bonds
The Philippines’ Department of Finance (DOF) claims it is finalising a framework for the issuance of the country’s first ever sovereign green bonds.
PassFort teams with Refinitiv to create digital KYC for challenger firms
RegTech company PassFort has partnered with financial market data firm Refinitiv to establish a digital know-your-customer (KYC) solution for challenger institutions.
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