PCAOB inspectors will be on the ground in Hong Kong by mid-September to conduct their inspections of auditors of US-listed Chinese firms.
All insurers, banks and super fund trustees face liability risk if they do not disclose, address and manage the effects of climate change sufficiently.
The guidance covers governance, risk assessment frameworks, customer due diligence, enhanced CDD, and suspicious transaction reporting.
The plans include new guidelines for banks, new data platforms, a new taxonomy, and other capacity-building initiatives.
The current regime could impair the competitiveness of EU investors and, more generally, the EU financial market when the transitional period expires.
The report calls for a shift towards characterising Illegal fishing as a predicate crime type for money laundering, to trigger a more effective AML/CFT response.
Banks seeking to engage in crypto-asset-related activities are directed to first notify their lead supervisory point of contact at the Federal Reserve.
Investors from “unfriendly” countries remain subject to capital controls banning them from selling or collecting payments on Russian securities.
Dutch authorities arrested a software developer of crypto mixer Tornado Cash last week. Two others were reportedly arrested in the US and Estonia.
Many non-EU benchmarks won't qualify under BMR in time for 31 December 2023, disproportionately impacting Asia exposures.