International

Structural Regulation

HSBC Announces Restructuring of Business Operations to Boost Efficiency

By Nithya Subramanian | 24/10/2024

HSBC said the new structure will reduce duplication of processes and decision making and result in greater agility in serving customers.

Liquidity Risk

FSB Report Outlines Policy Implications of March 2023 Bank Runs

By Mark Johnston | 24/10/2024

The report summarises the FSB’s main findings from its work to draw lessons from the deposit runs that took place in March 2023.

CBDCs

CBDC Platform mBridge is Open to US Dollar Inclusion: Central Bankers

By Editors | 24/10/2024

Current and former central bankers speaking at Sibos discussed the importance of the mBridge platform and how it can evolve to meet broader market needs.

Anti-Money Laundering

FinCEN Issues New Alert on Countering Hezbollah Activities

By Editors | 24/10/2024

The alert builds on a May advisory on Iran-backed terrorist groups and sets out indicators to assist FIs in identifying and reporting activity involving Hezbollah.

Tokenisation

FSB Chair Updates G20 on Work to Maintain Financial Stability

By Manesh Samtani | 23/10/2024

The FSB published a report on the financial stability implications of tokenisation and a progress update on the G20 Crypto-Asset Policy Implementation Roadmap.

Fraud, Scams & Cybercrime

Singapore Raises Concerns Over Surge in Scams on Telegram

By Nithya Subramanian | 23/10/2024

During the first half of 2024, the number of scam cases reported on Telegram spiked by 137%, said Singapore minister Sun Xueling.

Payments & Settlements

Swift Cross-Border Payment Speeds Ahead of G20 Targets – Report

By Mark Johnston | 22/10/2024

A Swift report says  90 percent of cross-border payments made over its network now reach the destination bank within an hour.

Payments & Settlements

FSB Reports on Progress to Enhance Cross-border Payments

By Manesh Samtani | 22/10/2024

Adoption of the LEI in cross-border payments remains a challenge. Progress toward achieving targets has been limited across wholesale, retail, and remittances.

Sustainable Finance

CME Group Launches Trading in ACCU Futures on NYMEX

By Editors | 22/10/2024

CME Group’s Peter Keavey said the CBL ACCU futures contract was launched to help firms manage the risks associated with carbon reduction strategies.