International

Emerging Prudential Risks

FSB Warns of Emerging Vulnerabilities, Financial Stability Risks

By Manesh Samtani | 21/04/2022

Global financial stability cannot be taken for granted going forward, FSB Chair Klaas Knot said in a letter to G20 Finance Ministers and Central Bank Governors.

AI Risk & Governance

RegTech Adoption Requires Rethink of Regulatory Environment

By Sanday Chongo Kabange | 20/04/2022

New WEF paper outlines success factors for regtech adoption, a roadmap for implementation, and guidance on regulatory requirements.

Reporting & Disclosures

WFE Publishes Paper on Human Rights Disclosure Practices

By Editors | 19/04/2022

The paper addresses social washing concerns and offers guidance for exchanges on reporting against human-rights related reporting frameworks.

Anti-Money Laundering

Countries Must ‘Redouble Efforts’ to Fight Financial Crime: FATF

By Manesh Samtani | 19/04/2022

The FATF finds that countries have made “huge progress” in improving technical compliance, but many still face substantial challenges in taking effective action.

Emerging Prudential Risks

Growth of Fintechs, Neobanks Poses Systemic Risk: IMF

By Mark Johnston | 19/04/2022

Digital banks should have to meet stronger capital, liquidity, and risk-management requirements, commensurate with their risks.

Climate Risk

SBTi Offers Guidance to FIs on Setting Net Zero Targets

By Editors | 19/04/2022

SBTi’s new paper provides principles, definitions, metrics, and target formulation considerations for FIs to set quantitative net-zero targets.

PEPs & Sanctions

US Treasury Sanctions Lazarus Entities Over ‘Ronin Bridge’ Hack

By Editors | 19/04/2022

OFAC has added a list of entities associated with Lazarus to its sanctions list, including a specific Ethereum wallet address associated with the attackers.

Anti-Bribery & Corruption

FinCEN Issues Guidance on Detecting Foreign Public Corruption

By Editors | 17/04/2022

The advisory offers indicators to help FIs in preventing, detecting, and reporting suspicious transactions associated with kleptocracy and foreign public corruption.

PEPs & Sanctions

GCFFC Task Force to Drive Sanctions Compliance in Crypto

By Editors | 17/04/2022

The founding members of the task force are Chainalysis, Elliptic, GDF and Safello, who will together work to support sanctions compliance in the crypto industry.