INTERNATIONAL

Fintech / Regtech

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.

Fintech / Regtech

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.

Capital / Liquidity

BCBS Issues Work Update, Calls for Full Basel III Implementation

By Editors | 21/11/2024

Next month BCBS will publish the final CCR guidelines, a report on the CCyB, and Korea’s NSFR and large exposures assessment reports.

Enforcement

US Finalises Rule to Expand Enforcement Authorities of CFIUS

By Editors | 20/11/2024

The final rule increases penalties for violations and expands the types of information CFIUS can demand from transacting parties and third parties.

Sanctions

EU, UK Target Iran Shipping, Aviation With New Sanctions

By Manesh Samtani | 20/11/2024

The sanctions aim to curb Iran’s ability to facilitate drone, missile, and military technology transfers to aid Russia in its war in Ukraine.

Enforcement

US Agencies Probe AML Policies and Systems at Citi – Reports

By Editors | 20/11/2024

The probe centres on Citigroup’s work for Heritage Trust, which holds assets owned by a sanctioned Russian billionaire.

Securities / Derivatives

IOSCO Unveils Roadmap to Enhance Retail Investor Online Safety

By Mark Johnston | 20/11/2024

IOSCO released three consultation reports as part of the first wave of the roadmap to retail investor online safety.

Fintech / Regtech

BIS Launches GenAI Project to Improve ‘Inflation Nowcasting’

By Manesh Samtani | 20/11/2024

Project Spectrum will use GenAI to automatically categorise billions of individual product descriptions and price observations to improve inflation nowcasting.

Capital / Liquidity

FSB Urges G20 Leaders to Fully Implement Agreed Reforms

By Mark Johnston | 20/11/2024

FSB Chair Klaas Knot emphasises the importance of addressing financial system vulnerabilities, including through the full and timely implementation of agreed reforms.