International

PEPs & Sanctions

US Jails Man for Shipping Microelectronics to Russia via Hong Kong

By Editors | 17/07/2024

Russian national Maxim Marchenko procured dual-use military grade microelectronics for Russian end users using Hong Kong-based shell companies.

Emerging Prudential Risks

BCBS Publishes Final Standards for Bank Crypto Exposures

By Manesh Samtani | 17/07/2024

The BCBS published final amendments to the prudential standard and the final disclosure framework for banks’ cryptoasset exposures.

Reporting & Disclosures

ICGN Releases Sustainability Assurance Guidance

By ESG Investor | 17/07/2024

The ICGN said many companies and markets are in the early stage of sustainability reporting, and much of the information is not “ready for assurance”.

Trading & Investment

ESMA Consults on MiFID II Order Execution Policies

By Editors | 17/07/2024

The consultation seeks input on draft technical standards for how investment firms establish and assess the effectiveness of their order execution policies.

Custody & Infrastructure

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.

AI Risk & Governance

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.

Payments & Settlements

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.

Market Risk

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.

Climate Risk

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.