International

PEPs & Sanctions

Cuban Banks Have Adopted Russia’s Mir Card Scheme

By Editors | 14/03/2023

ATMs now display the logo of the Mir payment system and provide an option to withdraw funds in Cuban pesos from cards issued by Russian banks.

Reporting & Disclosures

Record Number of FIs Seeking Environmental Disclosures Via CDP

By Editors | 14/03/2023

CDP’s annual disclosure request this year is on behalf of 746 FIs across 40 countries. Firms are asked to disclose on plastics for the first time.

Reporting & Disclosures

Fitch Rating Analyses ESG Fund Regulation Globally

By ESG Investor | 13/03/2023

New Fitch report compares fund-level ESG regulatory developments across North America, Europe and Asia.

Climate Risk

EU Financial Regulators Testing Climate Transition Resilience

By ESG Investor | 13/03/2023

The European Commission has asked the ESAs to conduct an analysis of the financial system’s resilience as EU member states decarbonise their economies.

Anti-Money Laundering

FATF Finalises Revisions to Recommendation 24 Guidance

By Editors | 13/03/2023

The guidance will assist policymakers and practitioners to prevent bad actors from using shell companies for illicit activity.

Cryptocurrency

FSB’s Eva Hupkes Discusses Crypto, Stablecoin and DeFi Regulation

By Editors | 13/03/2023

The FSB’s Eva Hupkes discusses the work underway to bring about globally harmonised regulatory frameworks for crypto assets, stablecoins, and DeFi.

Nature & Biodiversity

Integrating Natural Capital and Biodiversity in the Investment Process

By Siva Ramachandran | 12/03/2023

Siva Ramachandran and Phoebe Chan call on investment professionals to integrate natural capital into their investment process, staff training and risk analysis.

Emerging Prudential Risks

Citi Warns of Potential for Russia to Weaponise Metal Exports

By Mark Johnston | 10/03/2023

Analysts worry that Russia could retaliate to new US tariffs on imports of Russian aluminium by banning nickel and palladium shipments.

PEPs & Sanctions

OFAC Cracks Down on Entities Helping Iran Evade Sanctions

By Editors | 10/03/2023

The sanctions target entities in China, Hong Kong, Singapore, Malaysia and elsewhere for helping Iran evade sanctions and supplying critical components for its drones.