International

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    ESG / Sustainability

    Verra Publishes New Draft Methodology for REDD Projects

    By Editors | 20/04/2023

    The updated draft comes after investigative journalists reported finding that most of Verra’s forest carbon offsets do not represent genuine carbon reductions.

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    Enforcement

    Dubai: KPMG Ordered to Pay Investors Over Audit Violations

    By Editors | 20/04/2023

    The court said KPMG Lower Gulf committed “many violations” of international auditing standards and ordered the firm to pay investors $231mn.

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    Fintech / Regtech

    Financial Sector Participating in Global Cyber Defence Exercise

    By Editors | 20/04/2023

    FS-ISAC member firms including Barclays, CME Group, Mastercard and Santander are participating in the so-called ‘Locked Shields’ exercise this year.

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    Crypto / Digital Assets

    BIS, BOE Unveil Findings from Payments Synchronisation Project

    By Manesh Samtani | 19/04/2023

    Project Meridian demonstrated the ability to synchronise property ownership transfer with payment settlement using central bank money.

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    ESG / Sustainability

    Climate Bonds Initiative Offers Firm-level Certification for SLBs

    By ESG Investor | 19/04/2023

    The expansion looks to recognise “appropriate ambition” on transition and bring all sectors “into the fold”.

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    Capital / Liquidity

    BCBS, FSB Consider Changes to Global Banking Rules

    By Editors | 19/04/2023

    Fitch Ratings says global standard-setters may adjust the existing prudential and resolution frameworks, potentially making IRRBB a Pillar 1 requirement.

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    ESG / Sustainability

    More Credit Downgrades Imminent Under Climate Change

    By Hazel Ilango | 18/04/2023

    Bond investors, including those who do not prioritize climate change mitigation, are unknowingly exposed to the increasing impact of climate-related credit risk.

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    Big Picture

    BIS Paper Calls for Fiscal Reforms to Support Financial Stability

    By Mark Johnston | 18/04/2023

    A new BIS paper proposes policy measures to tackle the risks that arise from the link between fiscal policy and financial stability.

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    Crypto / Digital Assets

    GDF Consults on Wolfsberg-style DDQ for VASPs

    By Editors | 18/04/2023

    The questionnaire is intended for use by VASPs and other financial institutions including banks for onboarding VASPs.

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    AML / KYC

    GLEIF Maps LEIs to Records in OpenCorporates Database

    By Editors | 18/04/2023

    The mapping exercise will ensure the “highest quality reference data” is quickly and easily available to all, said GLEIF CEO Stephan Wolf.

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