Australia Unveils Planned Reforms to Improve Retirement Outcomes

22/11/2024

The reforms will improve the returement phase of superannuation through more trusted information, better products and greater transparency.

ESG / Sustainability

BCBS Postpones Climate Risk Disclosure Framework for Banks

21/11/2024

The BCBS has been unable to finalise the Pillar 3 disclosure framework for climate-related financial risks because the US refuses to endorse it.

Fintech / Regtech

EU Publishes Draft Code of Practice for General-Purpose AI

20/11/2024

The draft Code of Practice sets out 22 measures for providers of general-purpose AI models, aiming to foster accountable and human-centric AI development.

Fintech / Regtech

FSB Flags Growing Risks of AI Adoption in Financial Services

19/11/2024

New FSB report identifies AI-related vulnerabilities in the financial sector that can potentially increase systemic risk.

ESG / Sustainability

IOSCO Issues Final Report on Voluntary Carbon Markets

18/11/2024

The report outlines a set of 21 Good Practices aimed at ensuring financial integrity in Voluntary Carbon Markets.

ASIC to Launch Taskforce to Tackle Regulatory Complexity

18/11/2024

The “Simplification Consultative Group” will identify how ASIC can more efficiently and more effectively administer the law.

ESG / Sustainability

NGFS Publishes First Report Focusing on Adaptation Finance

15/11/2024

The NGFS concurrently released a Synthesis Report on the Greening of the Financial System, seeking to provide a holistic and up-to-date view on the state of climate finance.

Japan’s FSA Finalises Recommendations for VC Industry

14/11/2024

The recommendations focus on elevating VC governance standards to attract more capital into startups from institutional investors.

AML / KYC

Australia’s AGD Issues Supplementary Submission on AML Amendment Bill

13/11/2024

The AGD responds to issues raised in submissions to the Senate Legal and Constitutional Affairs Legislation Committee on certain aspects of the Bill.