International

Big Picture

Banks Increasingly Expected to Prevent Misconduct – Report

By Manesh Samtani | 07/06/2023

New report from Starling says outcomes-based regulation, culture initiatives, data science and technology can help enhance culture and conduct risk management in the banking industry.

Enforcement

INTERPOL Issues Global Alert on Human Trafficking-Fueled Online Fraud

By Mark Johnston | 07/06/2023

INTERPOL warns of a “double-edged crime threat” that exploits victims of human trafficking as well as those forced to perpetrate online fraud.

Market Infrastructure

CME Group Sees Opportunities in China Derivatives Market

By Manesh Samtani | 07/06/2023

CME Group’s Russell Beattie said meetings with Chinese exchanges, regulators and brokerage firms were “overwhelmingly positive”.

Sanctions

OFAC Sanctions Chinese and HK Firms in Iranian Procurement Network

By Editors | 07/06/2023

The sanctions came the same day Iran unveiled its first hypersonic ballistic missile, which cannot be detected and tracked by existing sensor systems.

Capital / Liquidity

Continued Vigilance Needed from Banks, Supervisors: BCBS

By Manesh Samtani | 07/06/2023

The BCBS highlighted the need for ongoing monitoring and mitigation of near-term interest rate and credit risk.

ESG / Sustainability

Climate Action Data Trust Establishes 20-Member User Forum

By Ranamita Chakraborty | 07/06/2023

The forum brings together practitioners and data users to advise on technical, policy, and business matters to enhance access to carbon registry data.

Capital / Liquidity

BIS Head Calls For “More Intrusive” Banking Supervision

By Manesh Samtani | 06/06/2023

Agustín Carstens says supervisors need to continuously seek to improve their capabilities by accessing greater resources and leveraging technology.

Fintech / Regtech

BIS Proves Viability of Quantum-Safe Financial System

By Editors | 06/06/2023

Project Leap involved the design and deployment of a secure communication channel to protect financial data against future threats from quantum computers.

ESG / Sustainability

Investors Set Ten Tests for Banks’ Transition Plans

By ESG Investor | 06/06/2023

The IIGCC in consultation with TPI Centre outlined investor expectations for banks’ net zero transition strategies.