International

CBDCs

Visa, Western Union, GBBC Join Digital Dollar Project

By Editors | 03/04/2022

The new members were announced just weeks after President Joe Biden signed an executive order outlining a “whole-of-government approach” to evaluate digital assets including a CBDC.

Climate Risk

“Room for Improvement” in Climate Risk Tools – UNEP FI

By ESG Investor | 03/04/2022

Greater scope and depth needed to keep pace with demand for more holistic approaches to climate risk management by banks and investors.

Anti-Money Laundering

The Future of AML Auditing is Increasingly Digital

By Claus Christensen | 03/04/2022

A shift to digital-first AML auditing and more open communications will improve efficiency and effectiveness for regulators and regulated entities alike, writes Claus Christensen.

PEPs & Sanctions

US Designates Russian Tech Firms for Enabling Sanctions Evasion

By Manesh Samtani | 03/04/2022

US sanctions 21 entities and 13 individuals. EU to propose new measures this week. Australia applies 35% export tariff.

Clearing & Post-Trade

Japan, EU Enhance Framework on Regulatory Cooperation

By Mark Johnston | 02/04/2022

The adoption of the regulatory cooperation framework follows the signing of an amended MoC by Japan’s FSA and ESMA.

Operational Risk

BCBS Expresses Concerns About Fourth Party Technology Risks

By Editors | 01/04/2022

Banks and supervisors are concerned that a lack of complete supply chain transparency may increase operational risk.

Market Data & Technology

ISDA Publishes New Paper on Digital Regulatory Reporting

By Editors | 01/04/2022

DRR will allow for consistent rule interpretation, more streamlined and automated reporting, and fewer data quality issues, ISDA says.

Emerging Prudential Risks

FSB Publishes Work Programme for 2022

By Editors | 31/03/2022

Key focus areas include work to address Covid-19 scarring effects, enhance cross-border payments, and address financial risks from climate change.

AI Risk & Governance

BIS, MAS Launch Prototype Supervisory Analytics Platform

By Manesh Samtani | 31/03/2022

Project Ellipse can provide regulators with early warning indicators, analytics and prudential metrics to assist them in risk detection and banking supervision.