International

Capital Adequacy

BCBS 2025-26 Work Programme Endorsed by GHOS

By Manesh Samtani | 05/02/2025

The work programme focuses on Basel III implementation, safeguarding bank resilience, and initiatives related to the digitalisation of finance.

PEPs & Sanctions

US to Restore “Maximum Pressure” Campaign on Iran

By Manesh Samtani | 05/02/2025

Presidential memo directs the Treasury to enforce sanctions compliance and rescind any relief provided to Iran through licences or guidance.

Cryptocurrency

Russia to Establish Registry for Crypto Mining Equipment

By Editors | 04/02/2025

Russia’s move to legalise crypto mining is part of broader efforts to create an additional mechanism to circumvent Western sanctions.

PEPs & Sanctions

China Announces Retaliatory Tariffs and New Export Controls

By Manesh Samtani | 04/02/2025

China announced retaliatory tariffs, new export controls, an investigation into Google, and added 2 US firms to its “unreliable entities” list.

AI Risk & Governance

First Set of Rules Under the EU AI Act Enter into Force

By Nithya Subramanian | 04/02/2025

The rules cover key definitions, AI literacy requirements, and a limited set of prohibited AI use cases deemed to pose unacceptable risks.

Sustainable Finance

GFANZ Hits Pause on Crucial Transition, Nature Guidance

By ESG Investor | 04/02/2025

The pause is part of a restructuring effort announced in December amid mounting pressure from the anti-ESG movement in the US.

PEPs & Sanctions

Russia Used US Banks to Send Billions to Turkey – Report

By Editors | 03/02/2025

$5bn was funnelled in 2022 using a nuclear power plant project as cover to evade sanctions. A further $2bn is still frozen at JPMorgan.

PEPs & Sanctions

EU Circulates Draft Proposal for 16th Russia Sanctions Package

By Editors | 03/02/2025

The proposed package targets more regional banks, shadow-fleet vessels, and non-Russia companies that facilitate sanctions circumvention.

Clearing & Post-Trade

EU Extends Equivalence for UK CCPs for Three Years

By Mark Johnston | 03/02/2025

The extension will ensure financial stability and provide clarity to EU market participants, the European Commission said.