International

Climate Risk

COP28 Nations Agree to ‘Transition Away’ from Fossil Fuels

By Editors | 14/12/2023

The agreement calls on countries to transition away from fossil fuels in energy systems and boost renewable energy capacity and energy efficiency.

Market Risk

BCBS Consults on Targeted Adjustments to IRRBB Standard

By Editors | 13/12/2023

The BCBS proposes adjustments to the calibration of the interest rate shocks in the IRRBB standard and the methodology used to calculate the shocks.

ESG Data

Climate Action Data Trust Launches Public Dashboard

By Editors | 13/12/2023

The dashboard incorporates datasets from Verra, Global Carbon Council, EcoRegistry, BioCarbon Registry, the UNFCCC’s Clean Development Mechanism, and Bhutan’s national registry.

PEPs & Sanctions

Canada Sanctions Political Candidates from Russian-Occupied Area

By Editors | 12/12/2023

Canada accuses 30 Russian nationals of taking part in “sham” elections in Russian-occupied Kherson Oblast.

PEPs & Sanctions

Chinese Firms Among More Than 150 Sanctioned by OFAC for Russia Exports

By Editors | 12/12/2023

Latest OFAC action targets individuals and companies in several countries, including China, Singapore, Türkiye, and the UAE, for exporting to Russia’s military-industrial base.

Emerging Prudential Risks

BIS Paper Offers Guidance on Housing-related Financial Stability Risks

By Editors | 12/12/2023

The report outlines lessons from 14 jurisdictions on the use of macroprudential policies to mitigate financial stability risks associated with the housing market.

PEPs & Sanctions

UK to Launch New Unit to Investigate Trade Sanctions Violations

By Editors | 12/12/2023

The Office of Trade Sanctions Implementation is expected to begin its civil enforcement activities sometime in early 2024, the UK government says.

PEPs & Sanctions

EU Expands Sanctions on Myanmar Junta and Supporters

By Editors | 12/12/2023

EU imposes asset freezes on four individuals and two companies in latest action against Myanmar’s military-led government.

Anti-Money Laundering

IMF to Expand AML/CFT Data Analytics Capabilities

By Manesh Samtani | 11/12/2023

The IMF plans to increase focus on assessing and mitigating the macro-economic impacts of illicit flows in the global financial system.