International

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    Crypto / Digital Assets

    New Report Details Misuse of Customer Funds by FTX

    By Manesh Samtani | 28/06/2023

    FTX was able to remove customers’ money from their primary deposit accounts by making misrepresentations to banks.

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    Capital / Liquidity

    EU Reaches Provisional Agreement on Basel III Implementation

    By Manesh Samtani | 28/06/2023

    Elements of the final Basel III reforms would be phased in starting in January 2025, two years after the globally agreed deadline.

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    ESG / Sustainability

    EU ESG Ratings Rules Risk Regulatory Fragmentation

    By ESG Investor | 28/06/2023

    Proposed framework aims to tackle conflict of interest concerns, but fails to address “quality of raw ESG data”.

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    AML / KYC

    Russia Identified as “High Risk” Jurisdiction in New Report

    By Manesh Samtani | 27/06/2023

    AML think tank Themis says the threat Russia poses to the integrity of the global financial system has been increasing.

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    ESG / Sustainability

    ISSB Introduces First-ever Global Sustainability Disclosure Standards

    By Ranamita Chakraborty | 27/06/2023

    The independent board established by the IFRS will create a transition implementation group to support companies that apply the standards.

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    AML / KYC

    CalPERS, Genworth Hit by Data Breach in MOVEit Hack

    By Mark Johnston | 26/06/2023

    CalPERS, the largest US pension fund, and insurer Genworth Financial have disclosed that customer data was breached in the MOVEit hack.

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    AML / KYC

    Canada Progresses Bill to Create Beneficial Ownership Registry

    By Mark Johnston | 26/06/2023

    The bill will require federally registered companies to disclose beneficial owners with at least 25 percent ownership or control.

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    Capital / Liquidity

    IAIS Launches Final Consultation on New Insurance Capital Standard

    By Editors | 26/06/2023

    The IAIS issued its fourth and final public consultation on the ICS ahead of its planned adoption at the end of 2024.

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    ESG / Sustainability

    Global Leaders Call for Immediate Action on VCM Standards

    By Editors | 26/06/2023

    Coalescing around standards being developed by ICVCM and VCMI was deemed essential for the efficient operation of VCMs.

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    ESG / Sustainability

    Swiss Financial Institutions to Beta Test NZDPU

    By ESG Investor | 26/06/2023

    The NZDPU intends to provide an open, free, and centralised repository for net-zero climate transition data.

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