International

AI Risk & Governance

WEF Summit: AIGA Calls for Inclusive Access to AI

By Ranamita Chakraborty | 19/01/2024

At the World Economic Forum 2024 summit, AI Governance Alliance urges action on governance gaps for an inclusive future.

AI Risk & Governance

Financial Sector Urged to Develop AI Governance Frameworks

By Ranamita Chakraborty | 17/01/2024

Industry experts are calling upon the financial sector to proactively prepare for GenAI regulation, considering technological advancements and ethical considerations.

Nature & Biodiversity

Early Adopters of TNFD Recommendations Announced

By ESG Investor | 17/01/2024

Taskforce urges organisations to get started on nature-related disclosures, as development of public data facility continues.

Clearing & Post-Trade

BIS Launches Consultation on Improving CCP Margin Requirements

By Nithya Subramanian | 17/01/2024

The report prepared by BCBS, CPMI and IOSCO has called for enhanced information sharing, better governance frameworks and greater transparency.

AI Risk & Governance

AI Tightrope: Striking the Balance Between Rapid Deployment and Safety

By Ranamita Chakraborty | 16/01/2024

Experts weigh in on safety considerations for AI deployment amid a lack of specific regulation, especially for the financial sector.

Payments & Settlements

BAFT Publishes Best Practice Paper on ISO 20022 Migration

By Ranamita Chakraborty | 16/01/2024

The whitepaper guides financial institutions, payment providers, and tech vendors in migrating or planning to migrate to the ISO 20022 standard.

Anti-Money Laundering

BIS to Study Financial Crime Detection in Retail Payments

By Editors | 15/01/2024

Project Hertha will map financial crime typologies in real-time payment systems, and build a synthetic dataset to test identification of the typologies.

Tokenisation

BIS to Explore Tokenisation of Promissory Notes Used to Funds MDBs

By Editors | 15/01/2024

Project Promissa intends to simplify the management of the notes and provide a single source of truth for all counterparties throughout the notes’ lifecycles

Anti-Money Laundering

Crypto Firms Lead Surge in AML Fines: Report

By Mark Johnston | 15/01/2024

Fenergo’s annual report reveals a 57 per cent surge in penalties for non-compliance with financial regulations in 2023.