INTERNATIONAL

Sanctions

DOJ Can Prosecute State-Owned Turkish Bank, Court Rules

By Editors | 25/10/2024

Halkbank was accused in 2019 of helping Iran to evade US sanctions, but the possibility of legal immunity surrounding the case has been ongoing until now.

Capital / Liquidity

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.

ESG / Sustainability

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.

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.

Crypto / Digital Assets

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.

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.

Capital / Liquidity

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.

Crypto / Digital Assets

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.

Sanctions

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.