International

Credit Risk

IASB Seeks Feedback on IFRS 9 Impairment Requirements

By Editors | 30/05/2023

The IASB is seeking feedback to help it assess whether the impairment requirements in IFRS 9 are continuing to work as intended.

PEPs & Sanctions

OFAC Sanctions the Head of the Wagner Group in Mali

By Editors | 30/05/2023

OFAC says the Wagner Group has been attempting to purchase military systems from foreign suppliers and routing these weapons through Mali for use in Ukraine.

Fraud, Scams & Cybercrime

Singapore Court Order Credit Suisse to Pay Georgian Billionaire

By Editors | 29/05/2023

Credit Suisse was ordered to pay billionaire Bidzina Ivanishvili $926mn in compensation for failing to safeguard his assets from misappropriation.

Sustainable Finance

UPDATED – More Global Insurers Leave Net-Zero Insurance Alliance

By Ranamita Chakraborty | 29/05/2023

The Net-Zero Insurance Alliance has lost members due to pressure from the anti-ESG movement in the US.

Cryptocurrency

WEF Calls For Global Collaboration in Regulating Crypto-Assets

By Ranamita Chakraborty | 29/05/2023

A new WEF report offers recommendations on collaborative pathways for global crypto-asset regulation.

Structural Regulation

EU Commission Grants Antitrust Approval for UBS-Credit Suisse Merger

By Editors | 29/05/2023

The UBS acquisition of Credit Suisse has been approved in the EU, but is being complicated in China by regulatory requirements.

Clearing & Post-Trade

CCP Margin Models Lack Transparency, Predictability – Report

By Manesh Samtani | 27/05/2023

New BCBS-CPMI-IOSCO report examines the impact of CCP margin models on market participants in the aftermath of Russia’s invasion of Ukraine last year.

Nature & Biodiversity

Indonesia, Malaysia to Object to EU Deforestation Law

By Ranamita Chakraborty | 26/05/2023

Indonesia and Malaysia are alleging the EU’s new deforestation law will harm their palm oil industries.

Nature & Biodiversity

SBTN Takes “Integrated Approach” to Nature Targets

By ESG Investor | 26/05/2023

The first science-based targets for nature provide corporates with the guidance, methods and tools to thrive in an equitable net zero, nature-positive future.