International

Anti-Money Laundering

TD Bank’s Global Anti-Money Laundering Officer Steps Down

By Thisanka Siripala | 24/01/2025

The change is said to be part of broader leadership changes at TD Bank, aimed at restoring trust and strengthening its regulatory standing.

Capital Adequacy

EU Launches Stress Test Exercise to Assess Bank Resilience

By Mark Johnston | 24/01/2025

Banks submitting “overly optimistic” projections will face “additional scrutiny throughout the quality assurance phase, potentially including on-site visits”.

Sustainable Finance

Climate-Linked Bonds Can Help Drive Net Zero Transition: ECB Paper

By Thisanka Siripala | 23/01/2025

Climate-linked bonds can encourage governments to proactively address climate change and help investors hedge against long-term climate risks

Clearing & Post-Trade

ESMA Launches Governance Structure to Support Transition to T+1

By Nithya Subramanian | 23/01/2025

The new governance structure establishes committees and specialised groups to address the regulatory and legal implications of the transition.

PEPs & Sanctions

Another US Court Rules Tornado Cash Sanctions Were Unlawful

By Editors | 23/01/2025

Court ruled that Tornado Cash smart contracts could not be classified as property IEEPA. A similar ruling was issued by a different court in November 2024.

Climate Risk

FDIC Joins Federal Reserve in Withdrawing from NGFS

By Thisanka Siripala | 23/01/2025

The withdrawals are part of a broader trend of US organisations and financial institutions stepping back from climate-focused initiatives

Emerging Prudential Risks

G20 Reforms Have Strengthened Securitisation Markets: FSB Report

By Nithya Subramanian | 23/01/2025

The FSB says the complex structures that contributed to the GFC have “largely diminished”, resulting in a more transparent market.

Reporting & Disclosures

PIOB Certifies IESBA’s Global Ethics Sustainability Standards

By Manesh Samtani | 22/01/2025

IESBA’s ethics standards for sustainability reporting will be launched in conjunction with IAASB’s sustainability assurance standard on 27 January

Capital Adequacy

UK Delays Basel III Implementation Amid US Uncertainty

By Thisanka Siripala | 21/01/2025

The PRA said Basel III implementation will be delayed an additional year until January 2027. The EU is now considering its options.