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.

Global regulators are cracking down on companies’ misleading environmental and sustainability claims, known as “greenwashing”, with a flurry of new initiatives to tackle the problem.

The Monetary Authority of Singapore (MAS) has published new proposals for the regulation of stablecoin issuers and intermediaries, in a move that underscores the city-state’s intent to become a global leader in the sector.  

Singapore has deployed regulatory and legislative tools, and partnered with the financial services industry on other initiatives, to supercharge its fintech sector. By James King.

The government’s pursuit of a zero Covid policy via strict lockdowns is hitting households and businesses hard, while a slow-burn crisis in the real estate sector is threatening to upend financial system stability. All trends that have big consequences for banks.

On August 22, the Treasury announced plans to conduct a token-mapping exercise to determine how crypto assets, and related services, should be treated from a regulatory perspective in the country. This could signal a new direction for Australia’s regulation of digital assets.

Technology and developments such as crypto-currencies have given money launderers a wide array of tools to conduct their criminal activities. The EU’s 5AML is an attempt to get on top of some of these developments, but will have significant consequences