International

ESG / Sustainability

ISSB Introduces Scope 3 Disclosure Guidance

By ESG Investor | 18/12/2022

A temporary exemption from Scope 3 disclosures will be granted for the first 12 months after the ISSB standards are finalised to give companies more time to prepare.

Sanctions

New Russia, Iran Sanctions Imposed Over Drone Use in Ukraine

By Mark Johnston | 16/12/2022

The UK, EU and New Zealand has announced new sanctions against Iranian individuals and entities over the supply of drones to Russia.

Capital / Liquidity

FSB to Revise Recommendations on Fund Liquidity Management

By Editors | 15/12/2022

Open-ended funds with illiquid assets should only be allowed to offer daily dealing if they use tools that pass on redemption costs to redeeming investors.

Capital / Liquidity

Global Banking System More Resilient After Basel Reforms: BCBS

By Editors | 15/12/2022

Banks that were more heavily affected by the Basel III reforms saw a greater reduction in their cost of capital, the BCBS said.

AML / KYC

GLEIF Confirms Utility of Embedding LEI in eSeals

By Editors | 14/12/2022

In a PoC, GLEIF demonstrated that embedding LEIs in eSeals allowed Japanese and European entities to transact digitally with greater trust.

ESG / Sustainability

HSBC to Stop Financing Oil and Gas Fields

By ESG Investor | 14/12/2022

HSBC has updated its oil and gas policy, which includes a commitment to no longer finance new oil and gas fields.

AML / KYC

FTX Founder Arrested, Charged by SEC, SDNY, CFTC

By Sanday Chongo Kabange | 14/12/2022

US authorities have charged Sam Bankman-Fried for defrauding customers, investors, lenders, and campaign finance violations.

ESG / Sustainability

ISDA Launches Standard Definitions for Voluntary Carbon Markets

By Editors | 14/12/2022

The new documentation will bring greater legal certainty and consistency to trading in verified carbon credits, ISDA says.

Big Picture

Following Yonder Star: Predicting the Path of the Basel Accord

By Jamie Lloyd Evans | 14/12/2022

As the Christmas period approaches, Regulation Asia contributor Jamie Lloyd Evans offers a light-hearted prediction on the future of the Basel Accord.