2025-05-21-KPMG_China-第四期_全球金融监管动态月刊（4月1日-4月30日）_25页_625kb

Summary of Global Financial Regulatory Dynamics - April 2025

• April focused on global regulatory updates, with key institutions addressing AI applications in finance, cryptocurrency risks, financial stability, and sustainable finance. Highlights included Hong Kong's report on GenAI and UK stress tests, while the U.S. and EU finalized proposals for capital adjustments and orders. Other areas emphasized ESG reporting, cross-border facilitation, and consumer protections in regions like India and Singapore.

Event Overview:

• AI and Innovation: Hong Kong published a report on responsible GenA.I. use in finance, while the Bank of England evaluated system risks from AI.
• Cryptocurrency and DeFi: The BIS issued guidance on DeFi's financial stability risks, including stablecoins and blockchain applications.
• Financial Stability: Authorities like FDIC and Fed adjusted capital requirements and conducted stress tests to enhance resilience.
• ESG and Sustainability: Updates from ESMA and HKMA covered climate risk disclosures and sustainable finance metrics.
• Cross-Border and Access: Initiatives in China and the EU promoted supply chain finance and inclusive banking.
• Regional Focus: Asia-Pacific and India highlighted AML/CFT enhancements and investment thresholds.