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International
PEPs & Sanctions
Illicit Crypto Funds Flow Into Sanctioned Entities and Jurisdictions: Report
By Nithya Subramanian | 01/03/2024
Chainalysis said that entities in heavily sanctioned jurisdictions lack access to traditional financial systems and are attempting to use crypto to evade sanctions.
Emerging Prudential Risks
BCBS to Consult on G-SIB Window-Dressing Next Month
By Editors | 01/03/2024
The BCBS also said it has approved revisions to the Core Principles for Effective Banking Supervision, which will be published in April.
Data Privacy
US to Ban Certain Data Transfers to China, Russia
By Editors | 29/02/2024
Executive Order authorises actions to prevent the personal data of US citizens from being transferred to so-called “countries of concern”.
Tokenisation
Rabobank Executes €2b in Commercial Paper Transactions on Blockchain
By Sanday Chongo Kabange | 29/02/2024
Rabobank has completed a series of pilots to execute commercial paper transactions on a blockchain platform called ‘Ubermorgen’.
PEPs & Sanctions
Huawei Pay Stops Allowing UnionPay-linked Payments in Russia
By Editors | 29/02/2024
UnionPay cards linked to the Huawei Pay service are being refused in Russia due to US sanctions against the operator of the Mir payment system.
Nature & Biodiversity
FIs Asked to Declare Support for Ending Plastic Pollution
By ESG Investor | 29/02/2024
FIs are invited to sign a statement demonstrating support for an international legally binding instrument to end plastic pollution.
Emerging Prudential Risks
More Progress Needed to Address MMF Vulnerabilities: FSB
By Manesh Samtani | 28/02/2024
Since 2021, only China has improved the ability of MMFs to absorb losses, and only India can impose the use of swing pricing.
Operational Risk
CROs in Asia-Pacific Concerned About Operational Resilience: Survey
By Nithya Subramanian | 28/02/2024
The latest findings by EY and IIF revealed that bank CROs are most worried about technology risk, a key driver of operational disruptions.
PEPs & Sanctions
US, UK Issue New Iran Sanctions Over Red Sea Attacks
By Editors | 28/02/2024
The US actions include sanctions on two Hong Kong companies that own vessels which ship Iranian commodities.
PEPs & Sanctions
Russia Closer to Allow Digital Assets in International Settlements
By Editors | 28/02/2024
Approval of draft legislation by Russian lawmakers comes amid threats that the US would sanction third-country FIs that facilitate trade with Russia.
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