International

Reporting & Disclosures

IASB Proposes Climate-related Disclosure Guidance for Financial Statements

By Ranamita Chakraborty | 01/08/2024

Eight illustrative examples are proposed to improve transparency of information about climate-related uncertainties in financial statements.

PEPs & Sanctions

Austria’s Raiffeisen Working to Sell 60pc of Russian Unit

By Editors | 31/07/2024

Raiffeisen is trying to coordinate with Russian, European and US authorities to sell a 60% stake in its Russian unit.

Clearing & Post-Trade

IIB Warns of Extraterritoriality of Treasury Clearing Proposal

By Editors | 31/07/2024

Under a proposed FICC rule, the SEC’s clearing mandate on US Treasury securities would apply to an entire foreign bank, rather than just its US-based branch.

PEPs & Sanctions

OFAC Targets Iran Weapons Programmes With New Sanctions

By Editors | 31/07/2024

The sanctions cover two procurement networks that help Iran obtain components for weapons systems, including Hong Kong and China-based targets.

AI Risk & Governance

Regulating GenAI: New Tools, Old Challenges

By Bradley Maclean | 30/07/2024

Striking the right balance between automation and human expertise is vital to ensure the effective use of GenAI technology.

Anti-Bribery & Corruption

UK Court Rules in Mozambique’s Favour in ‘Tuna Bonds’ Case

By Editors | 30/07/2024

The court awarded Mozambique around $825mn, along with an indemnity for over $1bn in debt owed to lenders and bondholders.

Structural Regulation

CFTC Expands Access to Foreign Futures for US Investors

By Editors | 30/07/2024

Commissioner Caroline Pham says US market participants will have more choice in brokers and broker arrangements to trade foreign futures.

Fraud, Scams & Cybercrime

China Issues Legal Guidelines for Combatting Asia’s ‘Fraud Parks’

By Manesh Samtani | 30/07/2024

The guidelines identify four key areas where punishment shall be imposed to combat large-scale industrial fraud parks in Southeast Asia.

Fraud, Scams & Cybercrime

Interpol Issues Red Notices for Hong Kong Crypto Promoters

By Sanday Chongo Kabange | 30/07/2024

The HKPF had asked Interpol to help locate the crypto promoters over their suspected role in a cryptocurrency deception case.