International

Market Risk

EU Adopts Delegated Act to Postpone FRTB Implementation

By Manesh Samtani | 26/07/2024

FRTB will be postponed in the EU to “preserve the global level playing field” for internationally active European banks in respect of their trading activities.

PEPs & Sanctions

Ukraine Calls on Hong Kong to Prevent Sanctions Evasion by Russia

By Editors | 26/07/2024

Hong Kong says it does not implement unilateral sanctions imposed by other countries, but does enforce sanctions imposed by UNSC.

Anti-Money Laundering

Humanitarian Crisis in Gaza Being Exploited for Terror Financing

By Ranamita Chakraborty | 26/07/2024

Singapore’s Internal Security Department warns that charities and NGOs are being used by Hamas networks to raise funds globally.

Fraud, Scams & Cybercrime

US, UK, South Korea Warn of DPRK Espionage Campaign

By Editors | 26/07/2024

Joint advisory says North Korean hacker group ‘Andariel’ is a threat to entities in the US, UK, South Korea, Japan and India.

Payments & Settlements

Russia Progresses Bill to Allow Foreign Banks to Open Branches

By Editors | 26/07/2024

The bill would enable foreign banks to open branches in Russia which they could then use to settle cross-border payments.

PEPs & Sanctions

UniCredit Drops Part of Appeal Against ECB’s Russia Exit Orders

By Editors | 25/07/2024

UniCredit said it has received “sufficient clarity” from the ECB on certain parts of its application to the GCEU.

PEPs & Sanctions

Australia Imposes First Sanctions Against Israelis in West Bank

By Editors | 25/07/2024

Seven Israelis and a youth group were sanctioned for their involvement in violent attacks against Palestinian communities.

PEPs & Sanctions

OFAC Sanctions DPRK Procurement Network Based in China

By Editors | 25/07/2024

The action imposes sanctions on China-based individuals and entities involved in the procurement of items used in the production of North Korean ballistic missiles.

Clearing & Post-Trade

ISDA Calls for Greater Digitisation of Derivatives Documentation

By Ranamita Chakraborty | 24/07/2024

An industry survey has revealed that the average time taken to negotiate derivatives documents hasn’t fallen since 2006.