International

ESG / Sustainability

Regulators Urged to Consider Climate Litigation as Relevant Financial Risk

By Ranamita Chakraborty | 22/06/2023

Major carbon-producing companies saw their firm value decrease following climate-related lawsuits and further reduce when unfavourable judgments were made.

Fintech / Regtech

Embattled PwC Caught up in Russian Cyberattack

By Editors | 22/06/2023

A Russian hacker group known as CL0P exploited a vulnerability in MOVEit, a third-party software platform used for secure data transfer.

Enforcement

Terra Founder Jailed for Four Months in Montenegro

By Mark Johnston | 22/06/2023

Do Kwon and another former Terra executive were arrested in Montenegro in March for possessing fake passports.

Big Picture

French Regulator Calls for Global Approach to DeFi Regulation

By Editors | 21/06/2023

The AMF seeks a “balanced regulatory framework that will help support the sound development of decentralised finance in the long run”.

Enforcement

Singapore Sentences Two Former Wirecard Employees to Jail

By Karen Ng | 21/06/2023

These are the first convictions in the Wirecard scandal that brought down the German payment processor.

Crypto / Digital Assets

BIS Offers Blueprint for Future Monetary & Financial System

By Editors | 21/06/2023

The BIS says the future financial system will combine tokenised money and assets on a programmable platform.

ESG / Sustainability

SBTi Consults on Climate Guidance for FIs

By ESG Investor | 20/06/2023

SBTi seeks to assist the finance sector in ensuring their decarbonisation plans align with scientific principles and contribute to combating climate change.

Sanctions

US, UK Prepare to Use Frozen Russian Assets to Help Ukraine

By Manesh Samtani | 19/06/2023

New US law would allow frozen Russian assets to be confiscated and used to finance Ukraine’s reconstruction.

Enforcement

Canada Sanctions Iranian Judges Citing Human Rights Violations

By Mark Johnston | 19/06/2023

Canada says Iran’s Revolutionary Courts are “notorious for issuing death sentences and harsh prison terms following sham trials and based on evidence gathered under torture”.