International

    Market Infrastructure

    G20 Approves Global Tax Deal, Commits to Climate Goals

    By Editors | 02/11/2021

    International tax reforms were approved by all the G20 leaders ahead of the COP26 summit on climate change in Glasgow which began on Monday.

    ESG / Sustainability

    CFA Standards Shine Spotlight on Funds’ ESG Claims

    By ESG Investor | 02/11/2021

    The voluntary standards aim to help investors assess and compare how investment products consider ESG issues across objectives, strategy, and stewardship.

    AML / KYC

    Trust but Verify: Establishing a Client’s Source of Wealth

    By Editors | 01/11/2021

    The Pandora Papers provide a stark reminder of the importance of having a robust risk assessment process in place for due diligence and source of wealth checks.

    Market Infrastructure

    IOSCO Updates, Expands Principles on Outsourcing

    By Editors | 31/10/2021

    IOSCO’s principles on outsourcing have been updated to include trading venues, intermediaries/market participants acting on a proprietary basis, and CRAs.

    Capital / Liquidity

    EU Defers Full Basel III Implementation to January 2025

    By Manesh Samtani | 29/10/2021

    The EU’s Basel III package of rules includes requirements for banks to under climate stress testing as well as identify, disclose and manage ESG risks.

    AML / KYC

    FATF Completes Phase One of Unintended Consequences Project

    By Manesh Samtani | 29/10/2021

    The FATF has published summary results from a stocktake to understand the unintended consequences that are occurring as a result of AML/CFT standards.

    ESG / Sustainability

    UNEP FI Warns of Inconsistencies in FIs’ Transition Plans

    By ESG Investor | 28/10/2021

    New recommendations offer a baseline for asset owners assessing the credibility of their asset managers’ net-zero commitments and investment strategies.

    Big Picture

    FSB Annual Report Warns of Continued Financial Stability Risk

    By Manesh Samtani | 28/10/2021

    Sudden sharp movements in asset prices could spill over across the financial system and the unwinding of policy support could prompt insolvencies and credit losses.

    Big Picture

    GFMA, BCG Call for Rapid Scaling of Carbon Markets

    By Manesh Samtani | 28/10/2021

    Rapid scaling and better coordination of carbon markets are necessary to accelerate global decarbonisation and meet the Paris Agreement goals.

    Fintech / Regtech

    S&P-IHS Deal Wins Regulatory Approval in Europe

    By Ranamita Chakraborty | 28/10/2021

    The European Commission accepted commitments by S&P Global and IHS Markit to divest businesses that raised competition concerns.

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