People’s Bank of China set to begin green finance evaluation of major banks
The People’s Bank of China (PBOC) has revealed it will begin quarterly assessments of the green finance performance of 24 major Chinese banks starting 1 July this year.
China bolsters regulatory oversight with new data security law
China’s National People’s Congress (NPC) has passed its first data security law aimed at strengthening the government’s hand over the data produced and stored in the country.
HKMA launches strategy for bolstering Hong Kong FinTech market
The Hong Kong Monetary Authority (HKMA) has unveiled a new strategy for driving FinTech development in Hong Kong.
El Salvador becomes first country to make Bitcoin a legal currency
The government of El Salvador has passed a bill that will see Bitcoin join the US dollar as legal tender in the country.
Bank of England initiates climate stress tests to explore risks
The Bank of England (BofE) has kicked off its Climate Biennial Exploratory Scenario (CBES) to scrutinise the risks that could be incurred from climate change.
FCA warns cryptocurrency companies are failing to meet UK AML requirement
The Financial Conduct Authority (FCA) has said a ‘significantly high’ amount of cryptocurrency firms are not meeting UK requirements on money laundering prevention.
Does regulation pose a threat to buy now, pay later market growth?
The BNPL market has seen a financial boon in recent years, creating market leading behemoths like Klarna, Affirm and Afterpay – who are all recording strong growth on the back of clear market demand. Could a growing call for regulation in the sector change this?
Biodiversity tool unveiled to help FIs manage extinction, ecological risk
A biodiversity module has been introduced to help financial institutions (FIs) explore to what extent their portfolios may impact species extinction and ecological integrity....
US survey finds majority of investors prize ESG credentials
A survey has found 70% of respondents believe organisations have a responsibility to demonstrate environmental, social and governance (ESG) performance to investors.
NatWest lets customers set transfer limits to reduce payment scam damage
NatWest is now allowing customers to establish their own daily digital bank transfer limits to reduce the impact caused by authorised push payment (APP) scams.
