INTERNATIONAL

Market Infrastructure

FSB to ‘Intensify Engagement’ on Cross-border Payments

By Manesh Samtani | 24/04/2025

Klaas Knot’s final letter to the G20 ministers says progress to enhance cross-border payments hasn’t yet led to “material improvements” for end-users.

AML / KYC

GCFFC Developing Global Model to Assist in Prioritising Financial Crime Types

By Manesh Samtani | 23/04/2025

The model will provide authorities with a common basis to prioritise financial crimes based on pre-set criteria, ensuring they can maximise the use of limited resources.

AML / KYC

Southeast Asian Crime Syndicates Are Now Operating Globally – UNODC

By Manesh Samtani | 23/04/2025

UNODC says East and Southeast Asian organised crime groups are spreading “like a cancer”, driven by new technologies and mounting law enforcement pressure.

ESG / Sustainability

UNEP FI Publishes Version 3 Guidance for Banks on Climate Target Setting

By Manesh Samtani | 22/04/2025

Version 3 contains new sections covering stakeholder engagement and the role of carbon credits in helping banks achieve their climate targets.

Securities / Derivatives

SHFE Inks Derivatives Cooperation MoU With Gulf Exchange

By Mark Johnston | 22/04/2025

The collaboration covers product innovation, exchange of market development insights, research support and investor education.

Sanctions

OFAC Announces Sanctions Against International Bank of Yemen

By Editors | 21/04/2025

OFAC said the bank enables the Houthis to make international transactions, supporting oil purchases, sanctions evasion, and the confiscation of assets from the group’s opponents

Big Picture

Geopolitical Risks Threaten Global Financial Stability – IMF

By Manesh Samtani | 20/04/2025

The IMF says there is much that financial institutions and regulators can do to protect financial stability, such as including geopolitical risk scenarios in stress tests.

Market Infrastructure

ISLA Publishes 2025 Netting Opinions for the GMSLA

By Thisanka Siripala | 19/04/2025

The latest release expands coverage to 67 jurisdictions. A digital assets annex is included for the first time, covering six jurisdictions.

ESG / Sustainability

IAIS Updates Guidance on Integrating Climate Risk in Supervision

By Thisanka Siripala | 18/04/2025

The updated Application Paper provides guidance to global insurance regulators on integrating climate-related risks into supervisory practices.