International

Nine banks and three central banks participated in testing Swift's API-based CBDC connector across two blockchain networks and fiat-based payment systems.

The so-called "MASI" tool will assist in self-assessments against the IOSCO core principles and facilitate comparisons against more developed regulatory frameworks.

The taskforce will assess existing cyber protections, response protocols, and safeguards around third-party service providers.

The paper introduces the concept of the "accountability stack", which presents a broad range of regulatory instruments and supervisory tools that target individual accountability.

The restrictions are being preserved due to the sanctions that prohibit Russian financial institutions from buying western countries’ cash, the central bank said.

The updated framework provides offers guidance to help financial institutions evaluate securities lending in the context of their ESG policies.

USD/CNH options have become one of the most traded pairs in the OTC market. The new listed contracts will offer a centrally cleared alternative.

Project Icebreaker shows that different countries can implement different CBDC solutions and still participate in a formalised interlinking arrangement to enable instant cross-currency transactions.

China (incl. HK and Macau), Armenia, Turkey and Uzbekistan are named as "transshipment points commonly used to illegally redirect restricted items to Russia or Belarus”.

Godfrey Phillips India exported tobacco to North Korea through a Thai intermediary, saying they were going to China. Hong Kong intermediaries were used to make the payments.