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Big Picture
FSB Proposes Measures to Address Cross-border Payment Frictions
By Manesh Samtani | 17/07/2024
Two new FSB reports offer policy recommendations to address legal, supervisory and regulatory frictions in cross-border payments.
Capital / Liquidity
BCBS Finalises Targeted Adjustments to IRRBB Standard
By Editors | 17/07/2024
The BCBS adjusted the specified interest rate shocks in the IRRBB standard and the methodology used to calculate the shocks.
Market Infrastructure
IAIS Launched Final Public Consultation on Climate Risk
By Editors | 16/07/2024
The fourth and final consultation includes proposed new supporting material to better reflect climate-related risk as part of effective supervisory practice.
Crypto / Digital Assets
World Bank Paper Explores Interoperability Between CBDC and FPS
By Editors | 16/07/2024
The paper says internal experimentation demonstrated how CBDC systems could interoperate with retail payment systems through an interlinking bridge.
Sanctions
Canada Issues Draft Amendments to AML/CFT Regulations
By Editors | 15/07/2024
The proposed amendments will require firms to report sanctioned property and suspected sanctions evasion offences, among other changes.
Enforcement
Japan Makes First Arrest for Russia Export Control Violation
By Editors | 15/07/2024
A Russian national operating a trading company in Osaka was arrested for illegally exporting restricted goods to Russia via South Korea.
Sanctions
Expert Calls for International Sanctions on Myanmar Central Bank
By Editors | 15/07/2024
Sean Turnell says sanctioning the CBM would effectively embargo Myanmar’s entire banking system and limit the SAC’s ability to oppress the Myanmar people.
ESG / Sustainability
SBTN Updates Guidance for Nature Targets
By ESG Investor | 15/07/2024
The Science Based Targets Network laid out five steps corporates should take to align their approach to nature with science.
Sanctions
US Sanctions Iranian Chemical Weapons Research Company
By Editors | 15/07/2024
This is the first time the Biden administration has imposed sanctions against Iran’s chemical weapons programme.
EU Seeking to Prevent Sanctions Evasion via Vietnam, Malaysia
By Editors | 15/07/2024
EU sanctions envoy David O’Sullivan said China is a “growing problem” as a circumvention hub, but Vietnam and Malaysia are among the next priorities.
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