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Big Picture

Financial Sector “Highly Exposed” to Cyber Risks, IMF Warns

By Manesh Samtani | 11/04/2024

This is the first time the IMF has assessed cybersecurity in its Global Financial Stability Report, which says cyber policy frameworks are “inadequate”.

Big Picture

BIS Paper Calls for Global Consistency in Stablecoin Regulation

By Manesh Samtani | 11/04/2024

Despite commonalities in the regulatory efforts across jurisdictions, the regulatory landscape remains “diverse and fragmented”, the paper says.

Capital / Liquidity

Bank Capital Rules Are Holding Back Transition: Study

By ESG Investor | 05/04/2024

EBA analysis found that the models used by banks produce a lower risk rating for high carbon than low carbon sectors.

Big Picture

Industry Bodies Push Back Against BCBS Crypto Treatment

By Manesh Samtani | 04/04/2024

ISDA, GFMA, FIA and other trade bodies say banks should not be penalised for trying to innovate with public permissionless blockchains.

AML / KYC

Singapore: ACIP Sheds Light on Use of Data Analytics for AML/CFT

By Manesh Samtani | 30/03/2024

New paper discusses current and future uses of data analytics for AML/CFT, and how information shared over COSMIC could be leveraged to enhance such solutions.

Crypto / Digital Assets

UK Proposes Two New Use Cases for Fund Tokenisation

By Manesh Samtani | 29/03/2024

Tokenising MMF units could facilitate their use as collateral, and reduce redemption pressures on MMFs during market stress.

AML / KYC

Wolfsberg Group Addresses Role of Internal Audit Function

By Editors | 29/03/2024

The Group offers a set of principles as guidance for the IA function to promote effective financial crime risk management within FIs.

Fintech / Regtech

US Treasury Publishes Report on AI-Specific Cyber Risks

By Manesh Samtani | 28/03/2024

The report outlines measures including the development of a common AI lexicon and a data lake to help FIs train AI models to detect fraud.

ESG / Sustainability

Climate Finance Held Back by VCM Participation Barriers – Report

By Manesh Samtani | 26/03/2024

Companies say they would substantially boost their investments in decarbonisation if purchases of carbon credits were recognised and incentived by standard-setters.