International

Anti-Money Laundering

IMF to Expand AML/CFT Data Analytics Capabilities

By Manesh Samtani | 11/12/2023

The IMF plans to increase focus on assessing and mitigating the macro-economic impacts of illicit flows in the global financial system.

AI Risk & Governance

European Lawmakers Reach Agreement on AI Regulation

By Editors | 11/12/2023

AI systems that pose minimal risk will not have to meet any specific obligations. High risk systems will have strict requirements. Systems that pose unacceptable risk will be banned.

Emerging Prudential Risks

Geopolitical Risk Seen as Top Risk to Financial Industry in 2024

By Editors | 08/12/2023

As many as 47% of respondents cited geopolitical risk as the number one risk impacting the global financial system in 2024.

Market Data & Technology

DSB Forms New Advisory Committee for ISIN, UPI Services

By Editors | 07/12/2023

The new committee will provide recommendations on governance matters related to the ISIN and UPI Services.

Cybersecurity

HSBC Trials Quantum Protection for AI-powered FX Trading

By Sanday Chongo Kabange | 07/12/2023

HSBC is using its own AI-powered tool to safeguard trades of any value from quantum attacks and other cyber risks.

Reporting & Disclosures

IFRS Foundation Offers Three New Commitments

By Manesh Samtani | 07/12/2023

Chair of the IFRS Foundation Trustees, Erkki Liikanen, declared each of the commitments given two years ago “fulfilled”.

Sustainable Finance

EMDE Body on Sustainable Finance Unveiled by China’s IFS

By Editors | 07/12/2023

The new body’s initial 42 members include HSBC, Standard Chartered Bank, Silk Road Fund and the CFA Institute.

Anti-Money Laundering

Canada’s FINTRAC Fines RBC for STR Filing Failures

By Editors | 06/12/2023

RBC failed to submit STRs in some cases, submitted some STRs incorrectly, and did not keep written policies and procedures up-to-date.

Sustainable Finance

Export Credit Agencies Team Up to Decarbonise Global Trade

By Editors | 06/12/2023

The export credit agencies commit to ending new direct support for the fossil fuel energy sector by the end of 2024.