International

Capital / Liquidity

BCBS Advances Work to Ensure Banking System Resilience

By Editors | 15/09/2022

The BCBS agreed to continue assessing bank use of AI/machine learning, finalise a crypto framework by year-end, and develop measures to address climate risks.

Market Infrastructure

BIS Explores How Central Banks View Cyber Threat Landscape

By Manesh Samtani | 15/09/2022

Central banks are prioritising investment in technical security control and resiliency, embracing risk management concepts, and adopting ‘zero-trust’ models.

AML / KYC

OFAC Sanctions Iranian Actors Over Ransomware Activity

By Editors | 15/09/2022

OFAC said the IRGC-affiliated group has launched extensive campaigns across the globe targeting defence, diplomatic, government and private industry personnel.

Capital / Liquidity

FSB Seeks Feedback on Information Gathering Framework

By Editors | 14/09/2022

The FSB is seeking stakeholder input to inform the revision of its framework for gathering information from FMI Intermediaries to support resolution planning.

Crypto / Digital Assets

Asset Tokenisation Increasingly Relevant in ‘Crypto Winter’ – Report

By Manesh Samtani | 14/09/2022

A new report from BCG and ADDX projects a 50-fold increase in tokenised assets by 2030, bringing the market’s value to over $16 trillion.

AML / KYC

UN Official Calls for Removal of All Iran Sanctions

By Manesh Samtani | 14/09/2022

Alena Douhan calls on the US and its allies to lift all sanctions and other restrictions against Iran, and invites the UN to propose mechanisms of compensation, remedy and redress.

Securities / Derivatives

“No Consensus” on ESG Reporting Standards at Exchanges

By ESG Investor | 14/09/2022

The WFE said exchanges report increased demand from investors for ESG disclosures, but limited progress in providing common guidance on reporting standards.

Capital / Liquidity

GHOS Reaffirms Expectations on Full Basel III Implementation

By Editors | 13/09/2022

BCBS oversight body reaffirmed its expectations on Basel III and discussed BCBS work underway on climate and crypto risks.

AML / KYC

FATF, INTERPOL to Ramp Up Global Asset Recovery Efforts

By Editors | 13/09/2022

The FATF and INTERPOL will work to improve international efforts to freeze, seize and confiscate criminal assets including by enhancing cooperation frameworks and available tools.