Conduct, Culture & Accountability

Record Fine for KPMG Over Carillion Audit Failure

12/10/2023

KPMG was fined GBP 21 million and two former partners were fined a combined GBP 420,000 by the UK FRC.

Reporting & Disclosures

UK Finalises Transition Plan Taskforce Disclosures Framework

09/10/2023

Harmonisation and interoperability key to transition plans being consistent, comparable and effective internationally.

Structural Regulation

OECD Unveils New Tool Supporting Global Tax Reform

09/10/2023

Adoption of the new multilateral instrument marks further progress towards the implementation of the Pillar Two minimum tax.

Reporting & Disclosures

GTAG Releases Final Advice on UK Green Taxonomy

06/10/2023

Ingrid Holmes, chair of the UK’s Green Technical Advisory Group, is calling on the government to urgently implement a green taxonomy.

Climate Risk

US Treasury Principles Aim to Make Net Zero “the Norm”

06/10/2023

Principles announced by Treasury Secretary Janet Yellen put emphasis on Scope 3 reporting from financial institutions and measurable targets.

Climate Risk

New Asset Owner Working Group “Critical” for Climate Action – AIGCC

04/10/2023

The new AIGCC working group will help Asia’s asset owners to learn from their peers in the region, connect with experts, and share best practice.

Sustainable Finance

Japan PM Signals Support for Sustainable, Impact Investing

04/10/2023

Japanese Prime Minister Fumio Kishida said a plan would be finalised by year-end to channel a greater share of savings into sustainable investment vehicles.

Reporting & Disclosures

ESG Dominates FIs’ Regulatory Landscape – KPMG UK

28/09/2023

A noteworthy finding in the report is the growing divergence in regulatory approaches between the UK and EU.

Sustainable Finance

ICMA Issues New KPI Guidance for Sustainability-Linked Bonds

28/09/2023

The resource aims to help issuers demonstrate their sustainability commitments and enhance accountability, ultimately bolstering the credibility of the SLB market