International

ESG / Sustainability

MAS Launches Coalition to Test Carbon Credits for Coal Phase-Out

By Editors | 04/12/2023

Two pilot projects will be undertaken to test the use of transition credits to help finance the early retirement of coal-fired plants.

ESG / Sustainability

IOSCO Proposes 21 Good Practices to Promote VCM Integrity

By Manesh Samtani | 04/12/2023

The Good Practices cover regulatory frameworks, primary market issuance, secondary market trading, and use and disclosure of use of carbon credits.

ESG / Sustainability

World Bank Unveils Roadmap for Scaling Carbon Markets

By Editors | 03/12/2023

The World Bank will help 15 countries earn income from the sale of carbon credits generated from preserving their forests.

Fintech / Regtech

Payments Into Europe Can Now Reach Beneficiaries “in Seconds”: Swift

By Editors | 03/12/2023

The EPC’s One-Leg-Out Instant Credit Transfer scheme enables payments to and from Europe to be processed 24 hours a day, seven days a week.

ESG / Sustainability

IFRS Foundation Launches Knowledge Hub for ISSB Standards

By Editors | 03/12/2023

The hub will help companies prepare for their ISSB disclosures, and help auditors, investors, and regulators better understand the new standards.

Sanctions

OFAC Sanctions More Companies, Vessels for Breaching Russia Oil Price Cap

By Editors | 03/12/2023

Latest sanctions target companies in the UAE and Liberia and three vessels in response to breaches of the G7 price cap on Russian oil.

AML / KYC

UK Secures Pledges from Global Tech Firms to Tackle Online Fraud

By Sanday Chongo Kabange | 01/12/2023

Signatories pledge to block and remove fraudulent material from their platforms and services and to work closely with law enforcement.

ESG / Sustainability

Four Banks and an Insurer Have Quit SBTi – Reports

By Editors | 01/12/2023

Standard Chartered, HSBC, Societe Generale, ABN Amro and Allianz have left the UN-backed Science Based Targets Initiative.

ESG / Sustainability

BCBS Consults on Climate Risk Disclosure Framework for Banks

By Manesh Samtani | 30/11/2023

The BCBS proposes to provide a common disclosure baseline for climate-related financial risks across internationally active banks.