International

ESG / Sustainability

CDSB Consolidates into IFRS Foundation to Support ISSB

By Editors | 06/02/2022

The consolidation includes the transfer of CDSB staff and core intellectual property and technical assets to support the work of the ISSB.

ESG / Sustainability

New IIGCC Net Zero Guidance for Private Equity Investors

By ESG Investor | 04/02/2022

The guidance outlines recommended scope, metrics and targets, and implementation actions investors can use when aligning PE assets with net zero ambitions.

AML / KYC

New Sanctions Imposed Against Myanmar Officials

By Editors | 04/02/2022

US and Singapore officials have reportedly met to discuss ways to limit Myanmar’s military from accessing financial assets overseas.

Fintech / Regtech

IMF Urges El Salvador to Remove Bitcoin’s Legal Tender Status

By Editors | 03/02/2022

The IMF said the adoption of a cryptocurrency as legal tender entails “large risks” relating to financial stability, financial integrity, and consumer protection.

ESG / Sustainability

ISSB Climate Standard Won’t Ignore Impact – IOSCO

By ESG Investor | 03/02/2022

Interoperability between reporting standards and across jurisdictions is key to establishing a global baseline, says IOSCO chair Ashley Alder.

AML / KYC

Preparing for New Russia-Related Sanctions, Export Controls

By Nick Turner | 01/02/2022

Nick Turner and Steptoe partners summarize noteworthy US proposals for imposing Russia-related sanctions over the situation in Ukraine.

AML / KYC

EBA Launches EuReCA, a Central Database for AML/CFT

By Editors | 01/02/2022

EuReCA will act as an early warning tool which will help competent authorities to act before ML/TF risks crystallise, the EBA said.

Fintech / Regtech

Evolving AI Risks and Regulations in Singapore and the EU

By Peiying Chua | 31/01/2022

Peiying Chua explains how financial institutions can ensure their implementation of AI does not run afoul of lawmakers and regulators.

Big Picture

WEF Report Calls for Cybersecurity to be Prioritised

By Editors | 30/01/2022

The report highlights prioritisation gaps between business executives and security-focused leaders, saying this can leave firms vulnerable to attacks.