International

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    ESG / Sustainability

    BIS Demonstrates the Use of GenAI in Climate Risk Analysis

    By Manesh Samtani | 20/03/2024

    Project Gaia delivered a platform that can extract data from corporate climate-related disclosures and generate harmonised metrics, despite differences in disclosure frameworks.

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    Market Infrastructure

    FSB Updates Guidance on Operational Continuity in Resolution

    By Manesh Samtani | 19/03/2024

    A supplementary note was added to address today’s dependencies on third-party providers for critical shared services, and the digitalisation of such services.

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    AML / KYC

    EU Commission Revises List of High Risk Third Countries

    By Nithya Subramanian | 19/03/2024

    Barbados, Gibraltar, Panama, Uganda and UAE have been removed from the list, while Kenya and Namibia were added.

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    Fintech / Regtech

    Microsoft, Amazon Suspend Russian Access to Cloud Products

    By Editors | 18/03/2024

    The move is a response to the EU’s 12th package of Russia sanctions, which prohibits companies from supplying enterprise or design software to companies in Russia.

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    Big Picture

    Emerging Tech is Raising Cyber Risk in Financial Industry – Report

    By Mark Johnston | 18/03/2024

    A new IIF-McKinsey report offers a roadmap for mitigating cyber risks amidst the rapid adoption of emerging technologies in finance.

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    ESG / Sustainability

    UNDP, MAS, GLEIF Launch Whitepaper on Project Savannah

    By Ranamita Chakraborty | 18/03/2024

    The whitepaper details Project Savannah’s goals and strategy for empowering MSMEs in sustainability reporting through three key pillars.

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    Big Picture

    BIS Paper Calls for Stronger Oversight of Non-bank Retail Lenders

    By Mark Johnston | 17/03/2024

    The paper proposes a three-pronged regulatory approach to help guide the prudential oversight of NBFI retail lenders and mitigate risks.

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    Sanctions

    Russia Imposes New Personal Sanctions on 227 US Citizens

    By Editors | 17/03/2024

    The sanctions target several current and former State Department officials, along with journalists, researchers, and members of the business community.

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    Sanctions

    OFAC Targets Another Vessel Over Iran Commodity Shipments

    By Editors | 17/03/2024

    The sanctions target a Panama-flagged vessel which OFAC says headed to China carrying Iranian commodities received on behalf of a Houthi financial facilitator.

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    Sanctions

    G7 Warns of Sanctions if Iran Delivers Missiles to Russia

    By Editors | 17/03/2024

    If Iran delivers ballistic missiles to Russia, Iran Air flights to European cities could be suspended, among other unspecified measures.

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