The technology that drives ChatGPT could revolutionise how banks manage complex and time-consuming processes in areas like compliance, but it will come with risks. 

Financial services institutions are reassessing their risk of being sued in climate-related lawsuits following a glut of high-profile cases. 

Rather than plotting a totally new regulatory course, the UK plans to place crypto within its existing mainstream financial services framework. 

Exploratory work on a digital euro has been underway for more than a year, yet in some ways the UK’s early digital pound proposals are more defined. 

The financial centre wants to launch a new licensing regime, which includes opening up retail investor access. 

The Hong Kong Monetary Authority’s upgrades to its climate stress testing programme make clear its ambitions to be a leading jurisdiction in climate risk supervision. By James King

For smaller Asia-Pacific economies Basel III implementation is proving less complex than for international peers, while its bigger players must pay close heed to regulatory approaches in key markets such as the EU, UK and US. By James King

Hong Kong has prospered mightily on the back of turbo-charged globalisation, the ascent of China and the symbiotic US–Chinese economic relationship. But these conditions are now unravelling, raising questions over whether the city can maintain its status as a leading financial hub.

On November 1, 2022, the Australian Prudential Regulation Authority published an open letter to deposit-taking institutions, general insurers and life companies, concerning expectations on capital calls for Additional Tier 1 capital and Tier 2 capital instruments.