AI Risks and Opportunities: Adopting an AGILE Framework in Canadian Financial Services
Canadian financial regulators, including OSFI and FINTRAC, have released a report on AI risks and opportunities in the financial services sector. The report introduces the AGILE framework to help stakeholders navigate AI's evolving impacts and emphasizes responsible AI adoption through principles like explainability, data governance, and ethics.
PBOC to Issue Renminbi Bills via HKMA
The People's Bank of China (PBOC) will issue Renminbi Bills through the Hong Kong Monetary Authority's (HKMA) Central Moneymarkets Unit. The HKMA has published the tender notice and related information for this issuance.
HKMA Alerts Public to Bank Scams and Fraudulent Websites
The Hong Kong Monetary Authority (HKMA) has alerted the public to fraudulent websites and scams reported by several banks. The alert lists specific banks and the types of scams, including phishing and fake login screens, and reminds the public about secure banking practices.
Guidance on Sanctions Exceptions and Licence Applications
The UK's Office of Financial Sanctions Implementation (OFSI) has updated guidance on how to use exceptions and apply for licences to comply with sanctions measures. The guidance clarifies automatic exemptions and the process for obtaining written permission for otherwise prohibited activities across various sanctions regimes.
EU Banking Sector Robust Amid Geopolitical Uncertainty
The European Banking Authority (EBA) published its Q4 2025 Risk Dashboard, indicating the EU banking sector remains robust with strong capital, liquidity, and asset quality despite geopolitical uncertainty. The report also includes the new CRR3/CRD6 dashboard, projecting capital metrics under future regulatory implementation.
Basel Committee Operational Risk and Market Risk Amendments
The Basel Committee has finalised a technical amendment to the standardised approach for operational risk, published for consultation in June 2025. It also includes a response to a frequently asked question on the standardised approach to market risk. Basel Committee members are expected to implement the amendment within three years.
FDIC Chairman Hill on Risk-Based Capital Proposals
FDIC Chairman Travis Hill discussed two proposals to modernize the risk-based capital framework. The first proposal would implement the 2017 Basel agreement for large banks, while the second updates the standardized approach for other banks, with a focus on residential mortgages and consumer loans. Both proposals aim to enhance risk sensitivity and comparability.
FDIC Chairman Speech on Regulatory Toolkit Reforms
FDIC Chairman Travis Hill discussed ongoing reforms to the agency's regulatory and supervisory approach. Key initiatives include defining 'unsafe or unsound practices,' refocusing examinations on material risks, and revising the CAMELS rating system. Changes to consumer compliance supervision aim to focus on actual violations and consumer harm rather than process.
SAM.gov Entity Exclusions Unavailable During Maintenance
The U.S. General Services Administration (GSA) issued a notice indicating that the SAM.gov Entity Exclusions (Debarments & Suspensions) search functionality was unavailable due to system maintenance. The notice provided alternative links for users to find information or report issues.
SAM.gov Entity Exclusions Page Not Found
The GSA SAM.gov system is experiencing a page not found error for entity exclusion details. This notice provides troubleshooting steps and contact information for the Federal Help Desk. The issue appears to be a technical problem with the SAM.gov website.
Revised MAS Notices 133 and FHC-N133 for Insurers
The Monetary Authority of Singapore (MAS) has issued revised Notices 133 and FHC-N133 for insurers. These revisions introduce the proposed equity counter-cyclical adjustment (CCA) and update capital treatment for structured products and infrastructure investments.
MAS Notice 133: Insurer Valuation and Capital Framework
The Monetary Authority of Singapore (MAS) has issued an amendment to Notice 133, which sets out the risk-based capital framework for licensed insurers, including asset and liability valuation requirements. This update consolidates existing technical details and takes effect on March 31, 2026.
MAS Notice FHC-N133 on Valuation and Capital Framework
The Monetary Authority of Singapore (MAS) has amended Notice FHC-N133 concerning the valuation and capital framework for designated financial holding companies that are licensed insurers. These amendments, effective March 31, 2026, introduce changes related to equity counter-cyclical adjustments, structured products, and infrastructure investments, as well as criteria for capital instruments.
Treasury Sanctions DPRK IT Worker Fraud Facilitators
The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) sanctioned six individuals and two entities for facilitating North Korean IT worker schemes that defraud U.S. businesses and generate revenue for DPRK's weapons programs. These actions aim to protect U.S. businesses and hold accountable those involved in these illicit activities.
Treasury Sanctions Global Network Diverting Funds to Benefit Hizballah
The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) has sanctioned a global network of 16 individuals and entities for diverting over $100 million to benefit Hizballah. The action targets key financial facilitators and their associated companies involved in money laundering and sanctions evasion schemes.
Treasury Sanctions Four Sham Charities Funding Hamas Military Wing
The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) has designated four sham charities for directly funding Hamas's Military Wing and its terrorist activities. These designations aim to disrupt Hamas's global network of illicit fundraising and prevent the misuse of the charitable sector for violent aims.
Treasury Sanctions Rwanda Officials for Supporting M23 in DRC
The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) has imposed sanctions on the Rwanda Defence Force (RDF) and four of its senior officials for actively supporting the M23 armed group in the Democratic Republic of the Congo (DRC). These sanctions aim to enforce peace accords and condemn violations of international agreements.