International

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    Emerging Prudential Risks

    FSB Publishes 2023 List of Global Systemically Important Banks

    By Editors | 28/11/2023

    The FSB added Bank of Communications to the G-SIBs list and removed Credit Suisse and UniCredit. Three banks moved to a higher capital buffer bucket.

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    Fraud, Scams & Cybercrime

    Montenegro Court Approves Extradition of Terra Founder

    By Mark Johnston | 27/11/2023

    The court said both South Korea and the US have met Montenegro’s legal requirements for Do Kwon’s extradition.

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    Nature & Biodiversity

    UNEP FI Launches Nature-related Guidance for Banks

    By ESG Investor | 24/11/2023

    The guidance aims to help banks align with the Global Biodiversity Framework and address nature and biodiversity loss.

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    Climate Risk

    IAIS Consults on Climate Risk Supervisory Guidance

    By ESG Investor | 23/11/2023

    The consultation covers market conduct supervision and climate scenario analysis in the insurance sector.

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    Market Abuse

    EU Commission Fines Rabobank for Participating in Bond Trading Cartel

    By Editors | 23/11/2023

    Deutsche Bank also participated in the cartel but was not fined because it revealed the cartel to the Commission under its leniency programme.

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    Anti-Money Laundering

    Basel Institute on Governance “Cautiously Optimistic” Regarding Crypto Risks

    By Mark Johnston | 23/11/2023

    Criminal funds flowing through blockchains are “decreasing constantly” as a proportion of total value. Regulations in the world’s financial centres are becoming stronger.

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    PEPs & Sanctions

    FinCEN Hosts US Banks for Discussion on Russian Export Controls Evasion

    By Editors | 23/11/2023

    Readout from FinCEN forum includes a list of guidance documents to help financial institutions detect and report transactions related to suspected export controls evasion.

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    Market Data & Technology

    BIS Launches New Data Portal for All Statistics

    By Editors | 23/11/2023

    Users can access the BIS Data Portal at any time to check global or country-specific statistics to inform their analysis.

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    Anti-Money Laundering

    FATF, OECD Spotlight Vulnerabilities of Investment Migration Programmes

    By Manesh Samtani | 23/11/2023

    The report proposes mitigation measures to address the risks and vulnerabilities associated with investment migration programmes.

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    Cryptocurrency

    Canada Starts Consultations on Crypto Asset Disclosure by Banks

    By Mark Johnston | 23/11/2023

    Canada’s banking regulator is seeking feedback on proposals to align with the BCBS framework for crypto asset disclosures.

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