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International
Emerging Prudential Risks
FSB Chair Klaas Knot Warns Against Complacency in Final Address
By Thisanka Siripala | 19/06/2025
Klaas Knot warned that easing banking regulations would be a “big mistake” that would increase the likelihood of financial crises.
PEPs & Sanctions
Unicat to Pay $3.88m for Violating Iran and Venezuela Sanctions
By Thisanka Siripala | 19/06/2025
The former CEO knowingly approved exports to Iran, using offshore affiliates in the Netherlands and China to mask the transactions.
Operational Risk
Banking Sector Reports Fall in Operational Risk for 2024: ORX
By Editors | 18/06/2025
ORX report shows banking sector operational risk losses down in 2024, but external fraud and digitalisation trends warrant attention.
Anti-Money Laundering
FATF Publishes Updated R.16 Standard on Payment Transparency
By Manesh Samtani | 18/06/2025
The FATF said the will help combat fraud and illicit finance, balancing security with innovation and financial inclusion.
Sustainable Finance
New Guide Being Developed to Boost Adaptation Finance in ASEAN
By Nithya Subramanian | 18/06/2025
The joint initiative by UNEP FI, ACMF and SFIA will aim to develop a regional adaptation guide to enhance the ASEAN Taxonomy and help bolster climate finance.
PEPs & Sanctions
Australia, UK, EU and Canada Tighten Sanctions on Russia
By Manesh Samtani | 18/06/2025
The allies are targeting Russia’s energy revenues and sanctions evasion, while the US resists further action.
Climate Risk
Tensions Flare Over US Climate Stance at FSB Meeting – Report
By Manesh Samtani | 18/06/2025
Disagreement over the urgency of climate-related financial risks sparked heated debate among global regulators in Madrid.
WFE Issues Guidance on Transitioning to T+1 Settlement Cycle
By Nithya Subramanian | 17/06/2025
The guidance identifies lessons learned and key considerations for a successful transition to a T+1 settlement cycle.
Anti-Money Laundering
FATF Approves New Transparency Standards for Cross-Border Payments
By Manesh Samtani | 16/06/2025
The plenary also endorsed updated financial inclusion guidance to address the issue of ‘de-risking’ and agreed to publish several other reports.
AI Risk & Governance
BIS Survey Finds Supervisory Use of GenAI Still at Early Stage
By Thisanka Siripala | 16/06/2025
Outdated IT systems, data security concerns, and limited technical expertise are slowing adoption of GenAI at supervisory bodies.
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