International

PEPs & Sanctions

US Sanctions Prompt Turkish Banks to Reject Russian Payments

By Editors | 22/01/2024

Turkish banks are now refusing to accept payments from Russian banks for exports, due to the threat of US sanctions.

Anti-Money Laundering

Global Crypto Crime Gains Fall; Stablecoins Rise: Report

By Nithya Subramanian | 19/01/2024

The global amount received by illicit cryptocurrency addresses in 2023 fell 39 per cent, while stablecoins accounted for 60 per cent of illicit transactions, revealed Chainalysis.

Cybersecurity

Quantum Security Risks Loom for Financial Sector: WEF Report

By Mark Johnston | 19/01/2024

The WEF has released a report on the implications of quantum computing for the financial sector, highlighting the need for global collaboration and regulation.

Sustainable Finance

ISDA Launches Clause Library for Sustainability-Linked Derivatives

By Mark Johnston | 19/01/2024

ISDA launches a digital platform with standard-form drafting options for key areas of SLD transactions.

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.