International

Crypto / Digital Assets

FSB Warns of Risks from Multi-function Crypto-Asset Intermediaries

By Manesh Samtani | 29/11/2023

The FSB calls for cross-border cooperation and enhanced information sharing to help regulate and supervise multi-function crypto-asset intermediaries operating globally.

Sanctions

OFSI Touts Success in UK Court over Russia Sanctions Licence

By Editors | 29/11/2023

OFSI blog post summarises an October 2023 decision upholding the agency’s power to deny licence requests under the UK Russia sanctions regulations.

Big Picture

OECD Issues Policy Paper on Open Finance Data Sharing

By Mark Johnston | 28/11/2023

The new paper analyses the potential impacts of data sharing frameworks in the financial sector and provides recommendations for their implementation.

AML / KYC

13 FIUs Establish Task Force to Disrupt Terrorist Financing

By Editors | 28/11/2023

The FIUs including FinCEN, UKFIU, AUSTRAC, and NZFIU established the task force last month but is publicly recognising its formation now.

Capital / Liquidity

FSB Publishes 2023 List of Global Systemically Important Banks

By Editors | 28/11/2023

The FSB added Bank of Communications to the G-SIBs list and removed Credit Suisse and UniCredit. Three banks moved to a higher capital buffer bucket.

Crypto / Digital Assets

Montenegro Court Approves Extradition of Terra Founder

By Mark Johnston | 27/11/2023

The court said both South Korea and the US have met Montenegro’s legal requirements for Do Kwon’s extradition.

ESG / Sustainability

UNEP FI Launches Nature-related Guidance for Banks

By ESG Investor | 24/11/2023

The guidance aims to help banks align with the Global Biodiversity Framework and address nature and biodiversity loss.

ESG / Sustainability

IAIS Consults on Climate Risk Supervisory Guidance

By ESG Investor | 23/11/2023

The consultation covers market conduct supervision and climate scenario analysis in the insurance sector.

Crypto / Digital Assets

Basel Institute on Governance “Cautiously Optimistic” Regarding Crypto Risks

By Mark Johnston | 23/11/2023

Criminal funds flowing through blockchains are “decreasing constantly” as a proportion of total value. Regulations in the world’s financial centres are becoming stronger.