International

Anti-Money Laundering

Global Drug Network Dismantled After Swedish Phone Seizure

By Manesh Samtani | 09/03/2026

An international operation targeting drug trafficking and money laundering has led to 15 arrests, including individuals in Australia and Thailand.

Credit Risk

China Proposes New Accounting Rules for Financial Assets, Foreign Exchange

By Editors | 09/03/2026

Beijing has launched a consultation on new accounting guidance for complex financial instruments and non-exchangeable currencies, aligning with recent IFRS updates.

Payments & Settlements

Swift Launches Retail Payment Framework with Major Banks

By Manesh Samtani | 09/03/2026

New rules under the framework aim to bring speed, transparency and cost certainty to cross-border payments, with key APAC corridors among the first to benefit.

Emerging Prudential Risks

BIS Chief Calls for Rethink of Post-Crisis Rules to Tackle New Risks

By Manesh Samtani | 09/03/2026

BIS General Manager Pablo Hernández de Cos says post-crisis reforms must adapt to tackle risks from non-banks, AI, and growing regulatory complexity.

Fraud, Scams & Cybercrime

Global Police Operation Shuts Down LeakBase Financial Data Market

By Editors | 09/03/2026

A 14-nation effort dismantled a major online marketplace for stolen data, with Malaysian authorities seizing key servers as part of the coordinated takedown.

Structural Regulation

Philippines SEC Moves to Impose Term Limits on PSE Directors

By Sanday Chongo Kabange | 09/03/2026

The regulator has approved a draft circular for public comment, citing corporate governance, while industry groups warn of negative consequences.

Operational Risk

MAS Proposes Overhaul of Operational and Third-Party Risk Frameworks

By Nithya Subramanian | 09/03/2026

New consultations aim to expand oversight to all third-party arrangements and enhance public disclosures for systemically important institutions.

Clearing & Post-Trade

FIA Outlines Risks, Roadmap for 24/7 Derivatives Trading

By Manesh Samtani | 08/03/2026

FIA says clearing, payment, and operational systems must be modernised to support around-the-clock markets without introducing systemic risk.

Capital Adequacy

BIS Chief Defends Basel Committee's Role Against US Criticism

By Manesh Samtani | 06/03/2026

The head of the Bank for International Settlements has countered US criticism of its rulemaking process, warning against a 'race to the bottom' on regulation.