International

Crypto / Digital Assets

GDF, GLEIF Announce Digital Asset Industry Partnership

By Editors | 17/07/2024

GDF said the partnership with GLEIF aims to raise awareness of the value of consistent party identification via the LEI.

Fintech / Regtech

FSB to Update 2017 Paper on AI-related Risks

By Manesh Samtani | 17/07/2024

FSB Chair Klaas Knot said this work is not currently aimed at developing policy options or regulatory standards.

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.