International

Climate Risk

Climate-related Litigation More Than Doubles in Five Years

By Editors | 27/07/2023

Approximately 2,180 climate-related lawsuits were filed in 2022, compared to just 884 cases recorded in 2017.

Payments & Settlements

Why Banks Should Leverage ISO 20022 as an Innovation Accelerator

By Pete McCormick | 26/07/2023

Pete McCormick discusses the challenges banks face in adopting ISO 20022, as well as the benefits of doing so, using a strategic approach.

Anti-Money Laundering

ESMA Withdraws Recognition Decisions for UAE CCPs

By Editors | 26/07/2023

The recognition decisions were withdrawn due to the UAE’s including in the EU’s AML blacklist.

Reporting & Disclosures

IOSCO Announces Formal Endorsement of ISSB Standards

By Manesh Samtani | 25/07/2023

IOSCO is now calling on regulators around the world to consider adopting the ISSB standards in their local jurisdictions.

PEPs & Sanctions

Ukraine Government Nationalises Russian-owned Sense Bank

By Editors | 25/07/2023

A bill was signed into law in June that allows Ukraine’s government to nationalise banks owned by sanctioned Russian actors

Payments & Settlements

BIS Paper Proposes Solutions To Ease Cross-Border Payment Hurdles

By Ranamita Chakraborty | 25/07/2023

New working paper suggests setting up a global clearinghouse or digital money marketplace could boost cross-border payments.

Reporting & Disclosures

IFRS Publishes Comparative Analysis of IFRS S2 and TCFD

By Editors | 25/07/2023

The comparative analysis highlights that the requirements outlined in IFRS S2 are consistent with the TCFD recommendations.

Liquidity Risk

EU Reaches Agreement on Rule Enhancements for Investment Funds

By Editors | 25/07/2023

AIMA’s deputy CEO Jiri Krol said some restrictions are “difficult to justify” but that AIMA has worked with policymakers to ensure they are “better defined and calibrated”.

Anti-Money Laundering

Couple Responsible for 2016 Bitfinex Hack Reach Plea Deal

By Manesh Samtani | 24/07/2023

The 119,754 bitcoin stolen was worth $71mn at the time of the hack. When the couple was arrested in Feb 2022, it was worth over $4.5mn.