Blog
FTX: “a complete failure of corporate controls”
Never has the phrase “meteoric rise” felt so appropriate. At the height of its success, FTX processed more than US$6bn in spot trade volume, with an average daily trade volume of US$2bn. It was valued at US$32bn in January 2022, making it one of the world’s most valuable crypto companies at that time.
Artificial intelligence in banking: risks and benefits
AI regulation is still very much in the development phase, despite use of the technology being widespread. This is because of the fast-moving nature of AI and ML; the technology is evolving all the time, leaving governments and regulators to play catch up. However, several jurisdictions are making moves to address gaps in regulation for the use of AI in the financial sector.
Regulators put pressure on Deutsche Bank to address AML failings
German financial regulator, BaFin, has published a statement threatening to take action if Deutsche Bank does not work faster to address failings in its AML measures.
Ransomware attacks in financial institutions “increased significantly” in 2021 – and most are from Russia
A report released by FinCEN (the US Financial Crimes Enforcement Network) this week has revealed a significant uptick in the number of ransomware attacks reported by financial institutions in the second half of 2021, most of which are believed to be coming from Russia.
EBA makes Fraud Taxonomy publicly available
In a bid to help financial institutions keep up with developments in payments system fraud, the EBA has made the latest version of its fraud taxonomy publicly available.
Archives
- November 2022 (4)
- October 2022 (3)
- September 2022 (7)
- July 2022 (3)
- June 2022 (3)
- May 2022 (4)
- April 2022 (2)
- March 2022 (2)
- February 2022 (2)
- January 2022 (2)
- December 2021 (2)
- November 2021 (2)
- October 2021 (4)
- September 2021 (3)
- August 2021 (2)
- July 2021 (1)
- June 2021 (3)
- May 2021 (2)
- April 2021 (3)
- March 2021 (2)
- February 2021 (2)
- January 2021 (2)
- December 2020 (2)
- November 2020 (1)
- October 2020 (1)
- September 2020 (2)
- August 2020 (2)
- July 2020 (1)
- May 2020 (2)
- March 2020 (1)
- February 2020 (1)
- January 2020 (1)
