International

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    Capital Adequacy

    BCBS Chair Warns Against Watering Down Basel III Rules

    By Thisanka Siripala | 25/10/2024

    A fragmented bank regulatory world could trigger “a race to the bottom” across jurisdictions and result in a “frail regulatory framework”, said Erik Thedeen.

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    Climate Risk

    BCBS Seeking Better Understanding of Banks’ Climate Practices

    By Editors | 25/10/2024

    The BCBS surveyed banks on their practices for collecting data, adapting their IT systems, and using tools like scenario analysis, among other areas.

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    PEPs & Sanctions

    US Finalised $20b Portion of G7 Loan for Ukraine

    By Editors | 24/10/2024

    The rest of the $50bn loan will be provided by other G7 allies. Earnings from frozen Russian assets will be used for repayments.

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    Anti-Money Laundering

    Nigeria Releases Binance Executive, Drops Money Laundering Charges

    By Nithya Subramanian | 24/10/2024

    Tigran Gambaryan had been detained since February on money laundering charges, which have now been dropped.

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    Structural Regulation

    HSBC Announces Restructuring of Business Operations to Boost Efficiency

    By Nithya Subramanian | 24/10/2024

    HSBC said the new structure will reduce duplication of processes and decision making and result in greater agility in serving customers.

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    Liquidity Risk

    FSB Report Outlines Policy Implications of March 2023 Bank Runs

    By Mark Johnston | 24/10/2024

    The report summarises the FSB’s main findings from its work to draw lessons from the deposit runs that took place in March 2023.

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    CBDCs

    CBDC Platform mBridge is Open to US Dollar Inclusion: Central Bankers

    By Editors | 24/10/2024

    Current and former central bankers speaking at Sibos discussed the importance of the mBridge platform and how it can evolve to meet broader market needs.

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    Anti-Money Laundering

    FinCEN Issues New Alert on Countering Hezbollah Activities

    By Editors | 24/10/2024

    The alert builds on a May advisory on Iran-backed terrorist groups and sets out indicators to assist FIs in identifying and reporting activity involving Hezbollah.

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    Tokenisation

    FSB Chair Updates G20 on Work to Maintain Financial Stability

    By Manesh Samtani | 23/10/2024

    The FSB published a report on the financial stability implications of tokenisation and a progress update on the G20 Crypto-Asset Policy Implementation Roadmap.

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    Fraud, Scams & Cybercrime

    Singapore Raises Concerns Over Surge in Scams on Telegram

    By Nithya Subramanian | 23/10/2024

    During the first half of 2024, the number of scam cases reported on Telegram spiked by 137%, said Singapore minister Sun Xueling.

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