Europe

PEPs & Sanctions

Dutch Law Firm Found Facilitating Iranian Oil Sales – Report

By Editors | 23/11/2024

The Dutch law firm reportedly used a Surinamese subsidiary to set up companies to manage oil tankers that are part of Iran’s “ghost fleet”.

Capital Adequacy

ECB Compares EU and US Capital Requirements for Banks

By Mark Johnston | 23/11/2024

The ECB hasn’t yet decided whether to publish its analysis, which reportedly shows that EU banks would face significantly higher capital requirements if they were subject to US rules.

PEPs & Sanctions

UK Announces Sanctions Over Indoctrination of Ukrainian Children

By Editors | 21/11/2024

The FCDO said around 6,000 Ukrainian children have been relocated to a network of re-education camps where they are subjected to indoctrination.

AI Risk & Governance

EU and Singapore Strengthen Cooperation on AI Safety

By Nithya Subramanian | 21/11/2024

The US also launched the “International Network of AI Safety Institutes” to drive alignment and encourage safe, secure, and trustworthy AI innovation around the world.

Sustainable Finance

UK Proposes Principles for High-integrity Carbon, Nature Markets

By ESG Investor | 21/11/2024

The principles aim to guide responsible participation in voluntary markets for buying and selling carbon and nature credits.

PEPs & Sanctions

EU, UK Target Iran Shipping, Aviation With New Sanctions

By Manesh Samtani | 20/11/2024

The sanctions aim to curb Iran’s ability to facilitate drone, missile, and military technology transfers to aid Russia in its war in Ukraine.

AI Risk & Governance

EU Publishes Draft Code of Practice for General-Purpose AI

By Thisanka Siripala | 20/11/2024

The draft Code of Practice sets out 22 measures for providers of general-purpose AI models, aiming to foster accountable and human-centric AI development.

AI Risk & Governance

BIS Launches GenAI Project to Improve ‘Inflation Nowcasting’

By Manesh Samtani | 20/11/2024

Project Spectrum will use GenAI to automatically categorise billions of individual product descriptions and price observations to improve inflation nowcasting.

Structural Regulation

S. Korea and Poland to Boost Cooperation on Banking

By Mark Johnston | 20/11/2024

About 370 Korean companies operate in Poland, but none are financial companies. The MOU will enable Korean banks to expand to Poland.