International

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    Cybersecurity

    CalPERS, Genworth Hit by Data Breach in MOVEit Hack

    By Mark Johnston | 26/06/2023

    CalPERS, the largest US pension fund, and insurer Genworth Financial have disclosed that customer data was breached in the MOVEit hack.

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    Anti-Money Laundering

    Canada Progresses Bill to Create Beneficial Ownership Registry

    By Mark Johnston | 26/06/2023

    The bill will require federally registered companies to disclose beneficial owners with at least 25 percent ownership or control.

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    Capital Adequacy

    IAIS Launches Final Consultation on New Insurance Capital Standard

    By Editors | 26/06/2023

    The IAIS issued its fourth and final public consultation on the ICS ahead of its planned adoption at the end of 2024.

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    Sustainable Finance

    Global Leaders Call for Immediate Action on VCM Standards

    By Editors | 26/06/2023

    Coalescing around standards being developed by ICVCM and VCMI was deemed essential for the efficient operation of VCMs.

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    ESG Data

    Swiss Financial Institutions to Beta Test NZDPU

    By ESG Investor | 26/06/2023

    The NZDPU intends to provide an open, free, and centralised repository for net-zero climate transition data.

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    Structural Regulation

    IOSCO Seeks Feedback on Goodwill to Improve Accounting Standards

    By Ranamita Chakraborty | 26/06/2023

    Feedback received will play a crucial role in shaping IOSCO’s recommendations for regulators, auditors, issuers, and those responsible for governance.

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    Sustainable Finance

    ICMA Issues Updates to Guidelines and Principles

    By Ranamita Chakraborty | 26/06/2023

    The ICMA’s climate transition finance handbook and sustainability-linked bond principles were updated, along with the release of additional guidance.

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    Anti-Money Laundering

    FATF Plenary: Cameroon, Croatia and Vietnam Added to Grey List

    By Manesh Samtani | 26/06/2023

    The FATF will publish on 27 June its fourth update on the implementation of the recommendations on virtual assets and VASPs.

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    ESG Data

    TNFD Confirms Intention to Establish Nature Data Utility

    By ESG Investor | 25/06/2023

    Panellists at Paris summit for a New Global Financial Pact underlined the importance of integrating climate and nature considerations, with access to data a pitfall for both.

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    Anti-Money Laundering

    Switzerland Freezes $26m in Crypto Linked to Terra Collapse

    By Editors | 25/06/2023

    The assets, held at digital asset bank Sygnum, were frozen in response to a request from US and Korean authorities.

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