International

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.

Payments & Settlements

EU Council Adopts New Rules Mandating Instant Payments

By Manesh Samtani | 27/02/2024

Banks and other payment service providers will be required to offer instant payments to consumers and businesses.

Cryptocurrency

EU Adopts Four Delegated Regulations Under MiCA

By Mark Johnston | 27/02/2024

The regulations cover penalties, criteria for significant, EBA supervisory fees, and product intervention powers.

Anti-Money Laundering

FATF Consults on R.16 Changes to Improve Payment Transparency

By Manesh Samtani | 27/02/2024

The revisions would help guard against fraud by requiring beneficiary FIs to check the alignment of beneficiary information in payment messages.

Emerging Prudential Risks

FSB Warns of ‘Challenging Outlook’ for Global Financial Stability

By Manesh Samtani | 27/02/2024

The FSB is analysing the financial stability implications of tokenisation and AI, and taking stock of regulatory initiatives on nature-related financial risks.

Trading & Investment

EU Council Adopts New AIFMD, UCITS Rules

By Editors | 27/02/2024

The new rules enhance the integration of asset management markets in Europe, the European Council said.

PEPs & Sanctions

Ukraine Calls on FATF to Take Stronger Action on Russia

By Editors | 26/02/2024

Russia has been procuring missiles from Iran and North Korea for use against Ukraine in violation of UN sanctions, the Ukrainian Finance Ministry said.