International

Reporting & Disclosures

More Progress Needed to Achieve Consistent Climate Disclosures

By Editors | 14/11/2024

Progress reports from the FSB and IFRS Foundation show that significant progress has been made, but more is needed.

AI Risk & Governance

Unlocking the Potential of AI in Financial Crime Compliance

By Bradley Maclean | 14/11/2024

New research explores the potential of AI in financial crime compliance, highlighting pressing pain points and offering a roadmap for adoption.

Sustainable Finance

Singapore Pledges $500m in Concessional Funding for Climate Action

By Nithya Subramanian | 13/11/2024

The government will match every dollar, up to $500mn, of concessional capital committed by other partners involved in the FAST-P initiative.

Payments & Settlements

Russia, Iran Implement First Phase of Payment System Linkage

By Editors | 13/11/2024

Travellers from Iran can now use riyal balances on their Shetab debit cards at ATMs in Russia to withdraw rubles.

Structural Regulation

BIS Announces Pablo Hernández de Cos as Next General Manager

By Editors | 12/11/2024

Pablo Hernández de Cos, the former Governor of the Bank of Spain, will take over from Agustín Carstens starting 1 July 2025.

Liquidity Risk

IOSCO Updates Fund Liquidity Risk Management Recommendations

By Manesh Samtani | 12/11/2024

The proposed updates emphasise the need for open-ended funds to implement anti-dilution and quantity-based liquidity management tools in both normal and stressed market conditions.

Capital Adequacy

ECB May Impose Capital Charge on Banks With Excess Russia Exposure

By Editors | 11/11/2024

The ECB is considering adjusting capital requirements for Raiffeisen Bank International and UniCredit to account for Russia-related risks.

PEPs & Sanctions

Sanctions Landscape Expected to Shift Under Trump Presidency

By Manesh Samtani | 11/11/2024

President-elect Donald Trump is expected to take a stronger stance against Iran, and to try to use sanctions to negotiate an end to the Russia-Ukraine war.

PEPs & Sanctions

INTERPOL Publishes Update on How it Handles Sanctions Cases

By Editors | 10/11/2024

In its updated Repository of Practice document, INTERPOL explains how it handles requests for international police cooperation in cases involving sanctions violations.