INTERNATIONAL

Capital / Liquidity

BCBS Finalises Disclosure Framework for Bank Crypto Exposures

By Manesh Samtani | 04/07/2024

The BCBS also approved revisions to the cryptoasset standard and IRRBB standard, and agreed to consult on principles for managing third-party risk.

Sanctions

Russia Urges Crypto Use for Cross-border Payments

By Editors | 04/07/2024

CBR governor Elvira Nabiullina said Russia has softened its stance on the use of cryptocurrencies in international payments.

Big Picture

FSB Evaluates Impact of G20 Reforms on Securitisation

By Editors | 03/07/2024

Risk retention and higher prudential requirements have enhanced the resilience of securitisation markets, the FSB says.

AML / KYC

Nearly 4,000 Arrests Made in Global Anti-Scam Operation: INTERPOL

By Editors | 03/07/2024

The operation spanned 61 countries and resulted in 6,745 bank accounts being frozen and assets worth $257mn being seized.

Sanctions

Chinese Banks Reducing CNY Trades on Moscow Exchange

By Editors | 03/07/2024

Yuan flows into Russia for oil sales to China are reportedly shifting from the exchange market to the OTC market.

Crypto / Digital Assets

Canton Network Launches Decentralised Interoperability Infrastructure

By Editors | 02/07/2024

The “Global Synchronizer” enhances interoperability on the Canton Network, which is designed to enable tokenisation and frictionless exchange of regulated financial assets and liabilities.

AML / KYC

Panama Papers: Court Acquits All 28 Accused of Money Laundering

By Nithya Subramanian | 02/07/2024

According to media reports, the evidence presented was “not sufficient” to establish the defendants’ criminal responsibility.

Market Infrastructure

Project Nexus Completes Blueprint; Prepares for Live Implementation

By Nithya Subramanian | 02/07/2024

To facilitate live implementation, a new entity named the Nexus Scheme Organisation, will be established.

Crypto / Digital Assets

Trade Bodies to Develop Disclosure Guidelines for Digital Assets

By Editors | 02/07/2024

Four trade associations have organised a Steering Committee to propose new disclosure guidelines for digital asset tokens offered in the US.