International

PEPs & Sanctions

OFAC Penalises MetLife Subsidiary for Violating Iran Sanctions

By Editors | 18/11/2024

The insurer issued group medical and life insurance policies, collected premiums, and paid claims to schools and entities in the UAE and owned by Iran’s government.

Sustainable Finance

IOSCO Issues Final Report on Voluntary Carbon Markets

By Thisanka Siripala | 18/11/2024

The report outlines a set of 21 Good Practices aimed at ensuring financial integrity in Voluntary Carbon Markets.

Resolution & Recovery

FSB Urges Jurisdictions to Advance Bank Resolution Planning Efforts

By Manesh Samtani | 18/11/2024

The 2023 bank failures underscored that “any financial institution” could be systemically significant or critical if it fails.

Capital Adequacy

IAIS Approved Final Version of Insurance Capital Standard

By Editors | 17/11/2024

The ICS aims to provide a globally comparable risk-based measure of capital adequacy of internationally active insurance groups.

Climate Risk

NGFS Publishes First Report Focusing on Adaptation Finance

By Thisanka Siripala | 15/11/2024

The NGFS concurrently released a Synthesis Report on the Greening of the Financial System, seeking to provide a holistic and up-to-date view on the state of climate finance.

Sustainable Finance

MAS Releases Interim Report from Transition Credits Coalition

By Nithya Subramanian | 15/11/2024

The report describes the issues involved in developing and applying transition credits, and sets out a framework to scale these credits for coal phaseouts.

AI Risk & Governance

EU Commission Seeks Input on AI Systems That Should be Banned

By Mark Johnston | 15/11/2024

The EU Commission’s AI Office is consulting on the AI system definition and the specific use cases that should be banned due to potential harm.

Reporting & Disclosures

IOSCO Publishes Report on Transition Plans Disclosures

By ESG Investor | 15/11/2024

The report explores how transition plan disclosures can support investor protection and market integrity, and identifies actions for securities regulators.

Sustainable Finance

COP29 Countries Approve Global Carbon Market Framework

By Mark Johnston | 15/11/2024

Countries at COP29 have endorsed a global carbon market framework which forms the basis for operationalising Article 6.4 of the Paris Agreement.