International

ESG / Sustainability

Major US Asset Managers Withdraw from Climate Action 100+

By Nithya Subramanian | 16/02/2024

CA100+ expectations are said to be in conflict with US laws which require fund managers to act solely in clients’ long-term economic interest.

ESG / Sustainability

IFC Releases AI-powered ESG Analysis Tool for Emerging Markets

By ESG Investor | 16/02/2024

Amundi helped to develop the tool, which was tested with New Development Bank, an export credit agency, and a capital markets regulator.

ESG / Sustainability

ICMA Calls for Widespread Voluntary Adoption of Transition Plans

By Ranamita Chakraborty | 15/02/2024

In a new paper, the industry body offers a model structure for integrated transition plans that align with IFRS, EU, UK and ICMA’s own standards.

Sanctions

OFAC Sanctions 7 Targets Over Illegal Exports to Iran

By Editors | 15/02/2024

Three individuals and four entities, including a subsidiary of Iran’s central banks, were sanctioned for illegally exporting US goods and tech to Iran.

Sanctions

Swiss Commodity Firms Under Probe for Russia Sanctions Breaches

By Editors | 15/02/2024

Two commodity trading firms were referred to prosecutors for allegedly using Middle East subsidiaries to circumvent Swiss sanctions against Russia.

Market Infrastructure

CPMI, IOSCO Propose “Effective” VM Practices for Cleared Markets

By Editors | 15/02/2024

The consultative report describes eight examples of effective practices for CCPs and their clearing members regarding variation margin processes and transparency.

Sanctions

France Announces Sanctions Against “Extremist” Israeli Settlers

By Editors | 14/02/2024

The move prohibits 28 individuals from entering France, which plans to also pursue sanctions against Israeli settlers at the European level.

ESG / Sustainability

ISDA Develops Climate Scenarios for the Trading Book

By Manesh Samtani | 14/02/2024

The climate scenarios were developed in the second half of 2023 during a pilot exercise with more than 30 banks.

AML / KYC

US DOJ Secures Guilty Plea in Russia Sanctions Evasion Case

By Editors | 14/02/2024

A Canadian-Russian national helped ship US-origin electronic components that were later found in Russian weapons in Ukraine.