International

Crypto / Digital Assets

NBFI Vulnerabilities Remain Largely Unaddressed, Warns FSB

By Manesh Samtani | 22/07/2024

The global financial system remains susceptible to further shocks, the FSB says, calling for faster implementation of reforms to address NBFI vulnerabilities.

Sanctions

UK Publishes Briefing on Third Countries Helping Russia

By Manesh Samtani | 22/07/2024

The briefing names Belarus, Iran, North Korea and China as the main countries providing military support to Russia.

Fintech / Regtech

Global IT Outage: ‘Significant Number’ of Affected Devices Back Online

By Manesh Samtani | 22/07/2024

NAB, CBA, SGX, LSE, Amex, Barclays, Macquarie Capital, and TD Bank were among those impacted, along with some Indian and Philippine banks.

Sanctions

OFAC Sanctions Two Members of the ‘Cyber Army of Russia’

By Editors | 21/07/2024

Two Russian nationals separately pleaded guilty to participating in LockBit ransomware attacks, the DOJ announced separately.

Market Infrastructure

FMSB Drafts Standard for Sharing Standard Settlement Instructions

By Editors | 20/07/2024

The draft standard aims to increase the adoption of electronic solutions for sharing SSIs and address errors and inefficiencies in current processes.

Sanctions

OFAC Announces More Sanctions Targeting Houthi Funding

By Editors | 20/07/2024

The targets include individuals and companies based in Indonesia, Malaysia, Singapore, China, and the UAE, along with five vessels.

Crypto / Digital Assets

ANNA, DTIF to Streamline Digital Asset Regulatory Reporting

By Editors | 19/07/2024

ANNA and DTIF will work to integrate DTIs and ISINs in KYAX’s reporting tool to simplify compliance with reporting requirements under MiCA and EMIR Refit.

Fintech / Regtech

FIA Issues Best Practices on Managing Automated Trading Risks

By Editors | 19/07/2024

New paper outlines practices on pre-trade risk management, exchange volatility control mechanisms, post-trade analysis and testing, among other areas.

Sanctions

China, Russia Exploring New Ways to Address Payment Problems

By Editors | 19/07/2024

A Chinese official said financial institutions from the two countries are exploring the possibility of cooperating using the Mir payment system.