International

Structural Regulation

IASB Wraps Up Technical Work on Two New Accounting Standards

By Editors | 31/07/2023

The IASB advances financial reporting transparency with the finalisation of two new IFRS Accounting Standards, poised for a 2024 debut.

Data Privacy

Worldcoin’s Global Launch Raises Regulatory Concerns

By Editors | 29/07/2023

UK, French and German regulators are looking into privacy concerns associated with Worldcoin’s iris-scanning data collection practices.

Capital Adequacy

Canada: OFSI Consults on Capital Rules for Crypto Exposures

By Editors | 28/07/2023

Two guidelines are proposed, one for federally regulated deposit-taking institutions, the other is for insurers.

Emerging Prudential Risks

FSB Spotlights NBFI Risks, Focusing on Liquidity Mismatch, Leverage

By Editors | 28/07/2023

FSB’s John Schindler outlined the steps being taken to address liquidity mismatches and leverage risk within the NBFI sector.

Reporting & Disclosures

ISSB Consults on Proposed Taxonomy for IFRS Sustainability Standards

By Ranamita Chakraborty | 28/07/2023

The board intends to release the final digital taxonomy in early 2024, considering the feedback they receive.

Structural Regulation

Monitoring Group Progresses Work to Enhance Standard-Setting System

By Editors | 27/07/2023

Monitoring Group comments on key advances in enhancing standards on international audit, assurance, ethics, and independence.

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The recognition decisions were withdrawn due to the UAE’s including in the EU’s AML blacklist.