INTERNATIONAL

    image

    AML / KYC

    FATF Plenary Adds Four Countries, Removes One from Grey List

    By Manesh Samtani | 27/10/2024

    The FATF also revised its national ML risk assessment guidance, agreed to consult on revisions to support financial inclusion, and launched three new projects.

    image

    Sanctions

    BRICS Nations Agree to Continue Working on Cross-Border Payments

    By Manesh Samtani | 27/10/2024

    Russia has proposed an alternative platform for international payments, but few practical steps have been taken so far towards implementation.

    image

    Big Picture

    IMF Warns Against Complacency Amid Geopolitical Uncertainty

    By Thisanka Siripala | 26/10/2024

    Market complacency could lead to an underestimation of risks and increase the chance of sudden surges in volatility and sudden shocks.

    image

    Market Infrastructure

    HSBC Hong Kong Becomes Direct Participant of China’s CIPS

    By Editors | 26/10/2024

    The move will make it easier for overseas companies to trade and invest using the Chinese currency by making yuan payments faster and cheaper.

    image

    Sanctions

    DOJ Can Prosecute State-Owned Turkish Bank, Court Rules

    By Editors | 25/10/2024

    Halkbank was accused in 2019 of helping Iran to evade US sanctions, but the possibility of legal immunity surrounding the case has been ongoing until now.

    image

    Capital / Liquidity

    BCBS Chair Warns Against Watering Down Basel III Rules

    By Thisanka Siripala | 25/10/2024

    A fragmented bank regulatory world could trigger “a race to the bottom” across jurisdictions and result in a “frail regulatory framework”, said Erik Thedeen.

    image

    ESG / Sustainability

    BCBS Seeking Better Understanding of Banks’ Climate Practices

    By Editors | 25/10/2024

    The BCBS surveyed banks on their practices for collecting data, adapting their IT systems, and using tools like scenario analysis, among other areas.

    image

    Sanctions

    US Finalised $20b Portion of G7 Loan for Ukraine

    By Editors | 24/10/2024

    The rest of the $50bn loan will be provided by other G7 allies. Earnings from frozen Russian assets will be used for repayments.

    image

    Crypto / Digital Assets

    Nigeria Releases Binance Executive, Drops Money Laundering Charges

    By Nithya Subramanian | 24/10/2024

    Tigran Gambaryan had been detained since February on money laundering charges, which have now been dropped.

    image

    HSBC Announces Restructuring of Business Operations to Boost Efficiency

    By Nithya Subramanian | 24/10/2024

    HSBC said the new structure will reduce duplication of processes and decision making and result in greater agility in serving customers.

    JOIN OUR NEWSLETTER

    A daily selection of top stories from the Regulation Asia editorial team