International

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    Capital Adequacy

    BCBS Issues Work Update, Calls for Full Basel III Implementation

    By Editors | 21/11/2024

    Next month BCBS will publish the final CCR guidelines, a report on the CCyB, and Korea’s NSFR and large exposures assessment reports.

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    Supervision & Enforcement

    US Finalises Rule to Expand Enforcement Authorities of CFIUS

    By Editors | 20/11/2024

    The final rule increases penalties for violations and expands the types of information CFIUS can demand from transacting parties and third parties.

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    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.

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    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.

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    PEPs & Sanctions

    US Agencies Probe AML Policies and Systems at Citi – Reports

    By Editors | 20/11/2024

    The probe centres on Citigroup’s work for Heritage Trust, which holds assets owned by a sanctioned Russian billionaire.

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    Conduct, Culture & Accountability

    IOSCO Unveils Roadmap to Enhance Retail Investor Online Safety

    By Mark Johnston | 20/11/2024

    IOSCO released three consultation reports as part of the first wave of the roadmap to retail investor online safety.

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    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.

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    Anti-Money Laundering

    Singapore: $1.4b from Overseas Suspects Surrendered to State

    By Nithya Subramanian | 20/11/2024

    Police said 15 of 17 suspected money launderers who fled Singapore agreed to surrender assets to end the cases against them.

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    Capital Adequacy

    FSB Urges G20 Leaders to Fully Implement Agreed Reforms

    By Mark Johnston | 20/11/2024

    FSB Chair Klaas Knot emphasises the importance of addressing financial system vulnerabilities, including through the full and timely implementation of agreed reforms.

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    PEPs & Sanctions

    OFAC Sanctions Israeli Group Over West Bank Violence

    By Editors | 20/11/2024

    Amana is the largest entity targeted with US sanctions for violence in the occupied West Bank by Israeli settlers.

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