International

Climate Risk

HSBC Quits Net-Zero Banking Alliance, Following US Lenders

By Editors | 14/07/2025

HSBC has become the first major UK bank to depart the UN-convened climate group, citing the maturity of its own transition planning amid investor scrutiny.

Reporting & Disclosures

IFRS Foundation Clarifies Use of Industry Guidance for ISSB Standards

By Mark Johnston | 14/07/2025

The IFRS Foundation has published new guidance to support global firms implementing sustainability disclosure rules tailored to their industries.

Credit Risk

Vietnam Central Bank Directed to Scrap Credit Growth Quotas by 2026

By Editors | 14/07/2025

Prime Minister Pham Minh Chinh has instructed the central bank to accelerate the removal of its decade-old credit quota system.

Anti-Money Laundering

FATF Establishes New Procedure to Address Harm to NPOs

By Manesh Samtani | 14/07/2025

The new process allows countries and international bodies to report when the misapplication of anti-terror financing standards disrupts legitimate charitable work.

Emerging Prudential Risks

Regulatory Fragmentation Undermines Financial System Resilience - Report

By Manesh Samtani | 12/07/2025

Joint paper by BPI, GFMA and IIF calls for coordinated action to address the proliferation of "localisation policies", such as ring-fencing and forced subsidiarisation.

Clearing & Post-Trade

Asset Servicing Firms Face Spiralling Costs by Delaying ISO 20022 - Report

By Manesh Samtani | 12/07/2025

New report by The ValueExchange and SmartStream Technologies highlights that slow adoption of ISO 20022 is costing firms up to USD 21 million annually.

Payments & Settlements

BRICS Advances SWIFT Alternative Plan, Taps Indonesia’s QRIS for Pilot

By Manesh Samtani | 11/07/2025

The BRICS group has tasked finance ministers with developing a cross-border payment system, but analysts point to significant technical and geopolitical hurdles.

Cryptocurrency

Pakistan Establishes New Regulator for Virtual Asset Market

By Nithya Subramanian | 11/07/2025

A newly formed regulator will license virtual asset providers, monitor compliance with AML laws, and support innovation through a regulatory sandbox framework.

KYC & CDD

GLEIF Approves Singapore's TradeGo as Qualified vLEI Issuer

By Editors | 11/07/2025

The integration of verifiable digital identities into TradeGo's blockchain platform is expected to cut compliance costs and streamline cross-border commodity finance.