ESG / Sustainability

ISSB to Prioritise Climate in Phased Implementation of New Standards

05/04/2023

Only in the second year of using the ISSB Standards will companies need to provide full reporting on sustainability-related risks and opportunities beyond climate.

Australia Proposes Revised Tax Model for Superannuation

05/04/2023

The proposed model will increase the tax rate for earnings from superannuation balances that exceed A$3mn.

Crypto / Digital Assets

Delay of Voyager-Binance.US Deal Could Cost $100m

05/04/2023

The acquisition of Voyager by Binance.US is being appealed by the DOJ. Creditors say the deal must be consummated by 13 April or they stand to lose $100mn.

Crypto / Digital Assets

FTX EU Begins Allowing Customers to Withdraw Funds

05/04/2023

FTX EU set up a website through which balances can be verified and requests for withdrawals in fiat currency can be made.

AML / KYC

China Deepens Financial Sector Corruption Crackdown

05/04/2023

Officials told bankers they should learn lessons from Bank of China chairman Liu Liange, who was recently placed under investigation.

Securities / Derivatives

Evergrande Enters Debt Restructuring Agreement With Key Creditors

04/04/2023

Evergrande said the key group of creditors entered into restructuring support agreements. Its debt restructuring plan could take effect later this year.

Enforcement

Germany Bans EY for Two Years Over Wirecard Audits

04/04/2023

Germany’s auditor regulator also fined the company €500,000, and five of its current and former auditors between €23,000 and €300,000.

Enforcement

SEBI Probing Related Party Transactions at Adani Group

04/04/2023

SEBI is probing three offshore entities which entered into investment transactions with unlisted Adani Group units over the last 13 years.

Securities / Derivatives

Korea Finalises Reforms to Introduce Mandatory English Disclosures

04/04/2023

KOSPI-listed firms with KRW 10 trillion in assets will be required to disclose material information in English from 2024. Firms with KRW 2 trillion in assets must do the same from 2026.