Credit Risk

BCBS Consults on Technical Amendments and New FAQs

09/07/2024

One amendment addresses an inconsistency in how “specialised lending” is defined between the SA and IRB approach to credit risk.

Trading & Investment

KRX, Naver to Collaborate on Market, Cyber Surveillance

08/07/2024

A key component of the collaboration is to increase monitoring of Naver Pay’s stock discussion rooms and “Shareholder Open Talk” communities.

Payments & Settlements

Russia, Iran Integrate National Payment Systems

08/07/2024

Work to link Russia’s MIR network and Iran’s Shetab has been finalised. Agreement also signed on use of national currencies.

Anti-Money Laundering

Nordea Charged for Laundering $3.8b for Russian Clients

08/07/2024

Danish authorities said Nordea did not adequately investigate transactions by Russian clients and ignored other warnings.

PEPs & Sanctions

US Working on Plan to Target Russian ‘Shadow Fleet’ Vessels

08/07/2024

The US is reportedly looking to impose specific penalties on Russian shadow fleet tankers but the effort has stalled.

PEPs & Sanctions

Iran’s New President Seeks Lifting of Sanctions

08/07/2024

New President Masoud Pezeshkian has indicated Iran would seek greater engagement with the US and a revival of the JCPOA.

Tokenisation

Schroders Launches Pilot Project to Tokenisation ILS Assets

06/07/2024

The project aims to enhance transparency, streamline investment processes and improve client experience in the reinsurance sector.

Anti-Bribery & Corruption

China Probes Former Top Official of Banking Association

05/07/2024

New probes against two former officials of Agricultural Bank of China. Former CITIC official referred for criminal prosecution.

Climate Risk

China Releases New Draft Rules for National Carbon Market

05/07/2024

The new rules change the way emissions targets are set and aim to reduce the oversupply of allowances in the market.