BIG PICTURE

Fintech / Regtech

MAS Paper Warns FIs of Cyber Risks Arising from GenAI

By Ranamita Chakraborty | 04/08/2024

The paper focuses on deepfakes, GenAI-enabled phishing, AI-powered malware, data leakage and output manipulation.

Big Picture

Stablecoins Weaken Liquidity Ratios of Banks: ECB Paper

By Editors | 31/07/2024

Banks that issue their own stablecoins or collect deposits from stablecoin issuers would see their liquidity ratios decline.

Sanctions

RUSI Publishes Findings from 1st Meeting of New Sanctions Taskforce

By Manesh Samtani | 29/07/2024

The taskforce participants identified several deficiencies that undermine the effectiveness of UK sanctions and “require government attention”.

Securities / Derivatives

Korea: Reforms Boost Appeal of Government Bond Market

By Manesh Samtani | 28/07/2024

Research by ICMA and Bloomberg found increasing interest by international investors in the KTB market due to recent reforms.

AML / KYC

Russian Actors ‘Ubiquitous’ in Global Crypto Crime: TRM Labs

By Editors | 27/07/2024

Sanctioned Russia-based crypto exchange Garantex accounted for 82% of crypto transactions associated with all sanctioned entities internationally in 2023.

Securities / Derivatives

PASLA Publishes APAC Securities Lending Market Guide 2024

By Editors | 26/07/2024

The guide provides information on securities finance markets across APAC, including recommendations for promoting more openness, transparency and efficiency.

Big Picture

ISDA Calls for Greater Digitisation of Derivatives Documentation

By Ranamita Chakraborty | 24/07/2024

An industry survey has revealed that the average time taken to negotiate derivatives documents hasn’t fallen since 2006.

Crypto / Digital Assets

Emerging Markets Particularly Vulnerable to Stablecoin Risks: FSB

By Editors | 24/07/2024

New FSB report says EMDEs are particularly vulnerable to macro-financial risks associated with the use of foreign currency-pegged stablecoins.

ESG / Sustainability

FSB Publishes Stocktake on Nature-related Financial Risks

By Manesh Samtani | 19/07/2024

Work by authorities indicates that FIs face large exposures to nature-related physical risk via their investments and financing activities.