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.

China’s Cross-Border Interbank Payment System does not pose an immediate threat to the dollar, the US-centric global payment system nor the country’s ability to wage sanctions. But this could change further down the road.

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.