BIG PICTURE

Big Picture

US Federal Reserve Governor Cautions Against Hasty AI Regulation

By Mark Johnston | 26/11/2024

Fed Governor Michelle Bowman cautions policymakers against hastily imposing strict AI regulations, as it could hinder banking innovation.

Big Picture

Compensation Must Be Aligned with Prudent Risk-Taking: FSB

By Manesh Samtani | 22/11/2024

New FSB report identifies legal and regulatory challenges associated with the use of compensation tools to promote prudent risk taking.

Big Picture

FSB Urges Jurisdictions to Advance Bank Resolution Planning Efforts

By Manesh Samtani | 18/11/2024

The 2023 bank failures underscored that “any financial institution” could be systemically significant or critical if it fails.

ESG / Sustainability

More Progress Needed to Achieve Consistent Climate Disclosures

By Editors | 14/11/2024

Progress reports from the FSB and IFRS Foundation show that significant progress has been made, but more is needed.

Sanctions

INTERPOL Publishes Update on How it Handles Sanctions Cases

By Editors | 10/11/2024

In its updated Repository of Practice document, INTERPOL explains how it handles requests for international police cooperation in cases involving sanctions violations.

Market Infrastructure

WFE Paper Calls for Risk Sensitive Approach to AI Regulation

By Thisanka Siripala | 06/11/2024

The paper says AI-driven systems in financial markets should be regulated using the same core principles that apply to existing technologies.

Big Picture

ICMA Publishes Guide to Australian Repo Markets

By Editors | 31/10/2024

The Australian repo market has growth 75% from 2021 to mid-2024, driven by increased market participants, wider collateral use, and more active dealer trading.

Big Picture

Banks, Central Banks Expect Tokenised Assets to “Leapfrog” in Asia

By Georgina Lee | 28/10/2024

Banks are actively exploring tokenisation use cases in Asia, saying the region has greater potential for the technology than Western countries.

Big Picture

IMF Warns Against Complacency Amid Geopolitical Uncertainty

By Thisanka Siripala | 26/10/2024

Market complacency could lead to an underestimation of risks and increase the chance of sudden surges in volatility and sudden shocks.