International

PEPs & Sanctions

US, Canada, New Zealand Target Belarus With New Sanctions

By Editors | 10/08/2023

The coordinated sanctions come on the three-year anniversary of a presidential election which Alexander Lukashenko won by allegedly falsifying votes.

Reporting & Disclosures

S&P Global Ratings Stops Providing ESG Credit Indicators

By Ranamita Chakraborty | 10/08/2023

With immediate effect, the impact of ESG factors on a borrower’s creditworthiness will now be conveyed through narrative paragraphs in the rating agency’s reports.

Conduct, Culture & Accountability

UK FRC Consults on Strengthening Ethical Standards for Auditors

By ESG Investor | 10/08/2023

Proposed revisions seek to further enhance and clarify the principles of integrity, objectivity and independence auditors must abide by.

Anti-Money Laundering

UN Chief Calls for Global Tax Reform, Criticises OECD

By Mark Johnston | 09/08/2023

The UN Secretary-General calls for more UN involvement in setting and enforcing global tax standards.

Cybersecurity

NIST Solicits Feedback on Revamped Cybersecurity Framework

By Editors | 09/08/2023

NIST invites feedback on its updated Cybersecurity Framework 2.0 draft by 4 November 2023.

Stablecoins

PayPal Unveils Stablecoin Plans, Prompting Call for Clear Regulations

By Editors | 08/08/2023

PayPal plans to allow US customers to exchange PYUSD for other cryptocurrencies as well as use it to fund purchases, make transfers to external wallets, and send person-to-person payments.

Operational Risk

Banks Showing Lowest Operational Risk Losses in Years: ORX

By Editors | 08/08/2023

While 2022 gross operational risk losses were the lowest since 2017, an increase in fraud is driving up annual loss frequency, ORX says.

Nature & Biodiversity

ISSB Asked to Prioritise Biodiversity in Two-year Work Plan

By ESG Investor | 07/08/2023

Respondents to ISSB’s agenda priorities consultation call for focus on biodiversity and nature, progress on social and human-rights related reporting standards.

Cryptocurrency

Industry Bodies Call on IOSCO to Tackle Conflicts of Interest in Crypto

By Manesh Samtani | 06/08/2023

The WFE, GDF, IIF and FIA each address conflicts of interest in the crypto sector in their responses to IOSCO’s consultation.