Emerging Prudential Risks

Google Cloud Outage Disrupts UK Banks, Highlighting Concentration Risk

22/10/2026

A power failure at a London data centre temporarily crippled major UK financial services, exposing vulnerabilities in global cloud infrastructure reliance.

Anti-Money Laundering

Philippines Secures Forfeiture of Terror-Linked Funds

22/10/2026

The AMLC announced that a Manila court has ordered the forfeiture of funds linked to an ISIL facilitator.

Tokenisation

South Korea and UK Deepen Ties on Tokenisation Projects

22/10/2026

BOK and BOE are expanding collaboration on digital currency initiatives, focusing on asset tokenisation, cross-border payments, and regulatory safeguards.

AI Risk & Governance

Taiwan to Criminalise Smuggling of AI Chips to Mainland China

22/10/2026

Taiwan plans to classify the unauthorised export of advanced AI chips and servers to China as a criminal offence.

Payments & Settlements

Morocco’s Attijariwafa Bank Joins China’s CIPS to Facilitate RMB Payments

22/10/2026

Attijariwafa Bank joined CIPS to facilitate faster and more efficient yuan-denominated transactions between Morocco and China.

Cryptocurrency

Taiwan Blocks Coinbase and Kalshi Over Suspected Election Betting

22/10/2026

Taiwanese authorities have restricted domestic access to crypto exchange Coinbase and prediction markets Kalshi and Polymarket ahead of local elections.

Structural Regulation

Bangladesh Sets Deadlines for Troubled NBFI Subsidiaries

22/10/2026

The BSEC has granted 12 capital market subsidiaries of troubled financial institutions time to address regulatory deficiencies.

Anti-Money Laundering

Singapore Jails Brother of Convict in S$3bn Money Laundering Case

22/10/2026

Zhang Ruisheng pleaded guilty to possessing SGD 17.6 million in criminal proceeds after using forged documents to explain transfers that triggered bank monitoring alerts.

Trading & Investment

Bangladesh Approves Six Brokers for Debut Commodity Exchange

22/10/2026

The Chittagong Stock Exchange plans to launch futures contracts for gold, silver and crude palm oil, with agricultural commodities to follow.