ICBC allegedly released export documents for copper deals without collecting payment, resulting in $170m in losses to ING, which was financing those deals.
April 24, 2023Switzerland, though officially neutral, has frozen Russian assets worth about a third of the EUR 21.5 billion frozen across the EU.
April 17, 2023New paper from the World Economic Forum and Bain & Company calls for "decisive action" to scale up VCMs and ensure they serve the promised environmental and societal benefits.
January 25, 2023European Council’s position on the revised Environmental Crime Directive will damage portfolios as well as the environment, says WWF.
December 19, 2022MAS conducted thematic inspections on the operational risk management standards and practices of selected banks, with a focus on third party risk management.
August 8, 2022The main risk which is unique to Islamic banks is Shariah compliance risk - where noncompliance with Shariah rulings carries "significant reputational risk".
July 6, 2022In new guidelines, AMAC has specified obligations for fund houses to consider how changes in senior management and core staff could impact reputational risk.
June 23, 2022Kanv Pandit highlights the need for a 'metacode of conduct' to protect metaverse users from loss and fraud until regulation catches up.
June 14, 2022North Korean IT workers may try to obtain employment building crypto exchange platforms and then use the infrastructure to launder money and evade sanctions.
May 20, 2022Firms with securities businesses are expected to draw lessons from the shortcomings observed in the Archegos incident in order to foster a sound risk culture.
April 24, 2022