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Market Infrastructure
ISSB Publishes First Sustainability Reporting Standards
By ESG Investor | 31/03/2022
The ISSB requests feedback on general and climate-focused disclosure drafts, which will be finalised by end of 2022.
ESG / Sustainability
Hong Kong to Develop VCM, Unify GBA Carbon Market
By Manesh Samtani | 31/03/2022
Hong Kong’s VCM will target local, Mainland and overseas buyers of carbon credits. Authorities will also work to establish a unified carbon market for the GBA.
AML / KYC
Japan to Tighten Russia Sanctions, G7 Rejects Ruble Option
By Manesh Samtani | 30/03/2022
Japan to impose new requirements on crypto exchanges. G7 rejects Russian demand for gas payments in rubles. US to help EU reduce dependence on Russian energy.
AML / KYC
Wolfsberg Group Issues Guidance on Managing Customer Risk
By Manesh Samtani | 29/03/2022
FIs should consider building “more holistic” customer profiles, using additional identity attributes and ensuring they are alerted to changes in data points.
AML / KYC
GLEIF to Include Organisational Role Information in vLEI
By Editors | 29/03/2022
GLEIF says the new ISO 5009 standard facilitates a universal approach for including official organisational role information in digital ID credentials.
Market Infrastructure
NGFS Forms New Task Force to Address Nature-related Risks
By Manesh Samtani | 28/03/2022
The extent and severity of the physical and transition risks linked to biodiversity loss will be more difficult for the financial industry to assess than for climate change.
AML / KYC
US, Australia Impose Sanctions Over DPRK Missile Tests
By Manesh Samtani | 28/03/2022
The sanctions were imposed against Russian and North Korean entities and individuals over missile tests on 27 February, 5 March and 24 March.
Securities / Derivatives
Climate Impact X, Carbonplace Partner on Carbon Credit Trading
By Editors | 28/03/2022
The pilot will establish a framework for executing carbon credit transactions via Climate Impact X’s marketplace, with Carbonplace performing all settlements.
Fintech / Regtech
OECD Proposes Tax Reporting Framework for Crypto-assets
By Editors | 27/03/2022
The framework would require intermediaries to identify their customers and their tax jurisdictions, and then report their aggregate transaction values annually.
Fintech / Regtech
IOSCO Forms New Task Force Targeting DeFi Regulation
By Manesh Samtani | 26/03/2022
The task force, chaired by MAS assistant managing director Tuang Lee Lim, will help coordinate policy action to address the risks in DeFi.
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