International

Credit Risk

Revised BCBS Standards on Banking Supervision Take Effect

By Manesh Samtani | 27/04/2024

BCBS will also publish new proposed guidelines for banks in the coming week on counterparty credit risk management.

Resolution & Recovery

FSB Launches New Standards to Support Orderly CCP Resolution

By Editors | 26/04/2024

The new standard aims to ensure that resolution authorities have ready access to resolution-specific financial resources and tools.

PEPs & Sanctions

US, UK, Canada Announces More Sanctions for Iran’s Airstrike

By Editors | 26/04/2024

The US targeted 16 entities, eight individuals, five vessels and one aircraft. The UK and Canada also sanctioned targets involved in Iran’s drone and missile industries.

PEPs & Sanctions

DOJ Charges Two Chinese Nationals for IEEPA Violations

By Editors | 26/04/2024

The two individuals (one arrested) conspired to evade export controls to obtain US chip-making technology for a prohibited Chinese company.

PEPs & Sanctions

US President Signs National Security Package Into Law

By Editors | 25/04/2024

Among other things, the package broadens sanctions on Iran, allows confiscation of Russian assets, and requires TikTok to separate from ByteDance.

Fraud, Scams & Cybercrime

US SEC Asks Court to Force Terraform Labs and Founder to Pay $5.3b

By Mark Johnston | 25/04/2024

The SEC argues that Terraform Labs and Do Kwon have not shown remorse for their conduct and are likely to commit additional violations.

PEPs & Sanctions

Russian Court Orders Seizure of JPMorgan Assets

By Editors | 25/04/2024

State-owned VTB Bank filed the lawsuit in an attempt to recover USD 439.5 million in funds that were frozen by JPMorgan due to sanctions.

AI Risk & Governance

CFTC AI Rules Should Focus on Use Cases, Not Technology: FIA

By Manesh Samtani | 25/04/2024

FIA and other industry bodies say the focus should be on “the application of the technology within the context of a particular use case, not the technology as a whole”.

PEPs & Sanctions

Pakistan, Iran Agree to ‘Expeditiously’ Finalise Trade Agreement

By Editors | 25/04/2024

Pakistan and Iran aim to increase bilateral trade, cooperate on energy, and complete a gas pipeline project. The US has warned Pakistan of the risk of sanctions.