International

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    Big Picture

    CROs in Asia-Pacific Concerned About Operational Resilience: Survey

    By Nithya Subramanian | 28/02/2024

    The latest findings by EY and IIF revealed that bank CROs are most worried about technology risk, a key driver of operational disruptions.

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    Sanctions

    US, UK Issue New Iran Sanctions Over Red Sea Attacks

    By Editors | 28/02/2024

    The US actions include sanctions on two Hong Kong companies that own vessels which ship Iranian commodities.

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    Sanctions

    Russia Closer to Allow Digital Assets in International Settlements

    By Editors | 28/02/2024

    Approval of draft legislation by Russian lawmakers comes amid threats that the US would sanction third-country FIs that facilitate trade with Russia.

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    Fintech / Regtech

    EU Council Adopts New Rules Mandating Instant Payments

    By Manesh Samtani | 27/02/2024

    Banks and other payment service providers will be required to offer instant payments to consumers and businesses.

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    Crypto / Digital Assets

    EU Adopts Four Delegated Regulations Under MiCA

    By Mark Johnston | 27/02/2024

    The regulations cover penalties, criteria for significant, EBA supervisory fees, and product intervention powers.

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    AML / KYC

    FATF Consults on R.16 Changes to Improve Payment Transparency

    By Manesh Samtani | 27/02/2024

    The revisions would help guard against fraud by requiring beneficiary FIs to check the alignment of beneficiary information in payment messages.

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    Big Picture

    FSB Warns of ‘Challenging Outlook’ for Global Financial Stability

    By Manesh Samtani | 27/02/2024

    The FSB is analysing the financial stability implications of tokenisation and AI, and taking stock of regulatory initiatives on nature-related financial risks.

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    Market Infrastructure

    EU Council Adopts New AIFMD, UCITS Rules

    By Editors | 27/02/2024

    The new rules enhance the integration of asset management markets in Europe, the European Council said.

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    Sanctions

    Ukraine Calls on FATF to Take Stronger Action on Russia

    By Editors | 26/02/2024

    Russia has been procuring missiles from Iran and North Korea for use against Ukraine in violation of UN sanctions, the Ukrainian Finance Ministry said.

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    Sanctions

    Sanctions Against Chinese Firms are “Unlawful” – MOFCOM

    By Editors | 26/02/2024

    China’s Ministry of Commerce said the sanctions will have a negative impact on economic and trade relations with the EU and UK.

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