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ESG / Sustainability
TNFD Framework to Build Capacity for Nature-Related Data
By ESG Investor | 08/06/2021
Like the TCFD, the TNFD reporting framework is expected to be incorporated into disclosure standards and written into national law by governments.
AML / KYC
European Commission Proposes European Digital Identity Regulation
By Sanday Chongo Kabange | 08/06/2021
To expedite the initiative, the European Commission has issued a recommendation for member states to establish a common toolbox by September 2022.
Crypto / Digital Assets
G7 Leaders Pledge to Develop Common Principles for CBDCs
By Sanday Chongo Kabange | 07/06/2021
CBDCs should operate within appropriate privacy frameworks and minimise spillovers, the G7 Finance Ministers said in a communique.
Market Infrastructure
Standard-Setters Launch Plan to Improve Global Audit Quality
By Editors | 07/06/2021
Implementation of the plan will take three years and result in overall improvements to the international audit-related standard-setting system.
AML / KYC
G7 Backs – but Looks Beyond – Mandatory Climate Disclosures
By ESG Investor | 07/06/2021
TCFD, IASB frameworks endorsed; communique also calls for progress on impact, nature-based and beneficial ownership reporting.
ESG / Sustainability
G7 Finance Ministers Agree on 15pc Global Minimum Tax Rate
By Manesh Samtani | 07/06/2021
The global minimum tax will end the race-to-the-bottom in corporate taxation and ensure fairness for the middle class and working people, Janet Yellen said.
Market Infrastructure
FSB, IOSCO Issue Statements in Support of Smooth LIBOR Transition
By Editors | 02/06/2021
The FSB warns against waiting for the development of forward-looking term RFRs. IOSCO urges market participants to stop issuing new LIBOR products.
Market Infrastructure
IHS Markit Starts Publishing New Credit-sensitive Rates
By Editors | 02/06/2021
The new rates are aimed at helping to facilitate the transition away from LIBOR for firms that want a term rate with credit sensitivity.
AML / KYC
Addressing Sanctions Risk in Maritime Trade
By Manesh Samtani | 02/06/2021
Banks facilitating transactions involving maritime trade must put in place systems and processes to detect illicit activity that could result in a breach of sanctions regulations.
AML / KYC
Interpol Concludes APAC Operation Targeting Online Financial Crime
By Manesh Samtani | 02/06/2021
The six-month operation led to 585 arrests, more than 1,600 bank account freezes, and the interception of USD 83 million in illicit funds.
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