International

Conduct, Culture & Accountability

IOSCO Proposes Measures to Tackle Pre-Hedging Risks

By Manesh Samtani | 23/11/2024

IOSCO proposes recommendations to guide regulators in determining acceptable pre-hedging practices and managing the associated conduct risks effectively.

Conduct, Culture & Accountability

Compensation Must Be Aligned with Prudent Risk-Taking: FSB

By Manesh Samtani | 22/11/2024

New FSB report identifies legal and regulatory challenges associated with the use of compensation tools to promote prudent risk taking.

Tokenisation

Goldman Sachs to Make GS DAP Platform “Industry-owned”

By Nithya Subramanian | 22/11/2024

Goldman will establish a new, standalone company to spin out GS DAP so that it can be used by more participants to interoperate seamlessly.

PEPs & Sanctions

OFAC Sanctions Six Senior Hamas Officials and Financiers

By Editors | 22/11/2024

OFAC said the targets facilitate terrorist activities, represent Hamas interests abroad, and coordinate transfers of money and goods into Gaza.

PEPs & Sanctions

UK Announces Sanctions Over Indoctrination of Ukrainian Children

By Editors | 21/11/2024

The FCDO said around 6,000 Ukrainian children have been relocated to a network of re-education camps where they are subjected to indoctrination.

PEPs & Sanctions

OFAC Fines Individual $1.1m for Violating Iran Sanctions

By Editors | 21/11/2024

The violations related to the individual’s use of an IVTS to remit funds to Iran to purchase, renovate, and operate a hotel.

Reporting & Disclosures

BCBS Postpones Climate Risk Disclosure Framework for Banks

By Thisanka Siripala | 21/11/2024

The BCBS has been unable to finalise the Pillar 3 disclosure framework for climate-related financial risks because the US refuses to endorse it.

AI Risk & Governance

EU and Singapore Strengthen Cooperation on AI Safety

By Nithya Subramanian | 21/11/2024

The US also launched the “International Network of AI Safety Institutes” to drive alignment and encourage safe, secure, and trustworthy AI innovation around the world.

AI Risk & Governance

IAIS Publishes Paper on Supervision of AI in Insurance Sector

By Editors | 21/11/2024

The paper aims to support supervisors when applying the Insurance Core Principles to promote appropriate and globally consistent oversight of the use of AI within the insurance sector.