International

PEPs & Sanctions

US Imposes Fresh Russia Sanctions, G7 Pledges to Block Gold Trades

By Manesh Samtani | 25/03/2022

The G7 and EU will prohibit gold-related transactions involving Russia and ramp up monitoring and information sharing to prevent Russian sanctions evasion.

DeFi & Web3

FSB Calls for Academic Papers Covering Crypto, DeFi Risks

By Editors | 24/03/2022

The FSB is inviting authours to submit papers analysing the structures and evolving linkages between crypto-asset markets for an upcoming plenary session.

Reporting & Disclosures

IFRS Foundation, GRI to Align Sustainability Reporting Work

By Editors | 24/03/2022

The ISSB under the IFRS Foundation will publish proposed Climate and General Sustainability-related Disclosure requirements next week.

Anti-Money Laundering

FATF Spotlights ML/TF Risks Associated with Migrant Smuggling

By Manesh Samtani | 23/03/2022

Financial institutions have an important role to play in helping authorities profile migrant smugglers’ financial behaviour, the FATF says in a new report.

CBDCs

BIS, Central Banks Complete Development of Multi-CBDC Prototypes

By Sanday Chongo Kabange | 23/03/2022

The initial phase of Project Dunbar has proved that the concept of multi-CBDCs is technically viable, says a new project report.

Conduct, Culture & Accountability

IOSCO to Develop Regulatory Toolkit on Retail Investor Protection

By Manesh Samtani | 21/03/2022

IOSCO consultation asks whether certain gamification should be regulated or prohibited, and whether regulators should be monitoring crypto-asset trading by retail investors.

Emerging Prudential Risks

Financial Stability Risks from BigTech May Be Increasing: FSB

By Editors | 21/03/2022

The FSB warns that bigtechs could become so large or dominant that their failure could have a severe impact on economic activity and financial stability.

Clearing & Post-Trade

European Commission Proposes Enhancements to CSDR

By Editors | 19/03/2022

The proposal seeks to provide more proportionate and effective rules for CSDs, while also facilitating their ability to offer cross-border services.

AI Risk & Governance

BCBS Assesses Bank Use of AI & Machine Learning

By Editors | 18/03/2022

The BCBS is exploring banks’ use of AI/ML, specifically in the areas of explainability, governance, and resilience and financial stability.