International

ESG / Sustainability

NGOs Call on Banks to Improve on Net Zero Delivery

By ESG Investor | 18/09/2022

Net Zero Banking Alliance members are under pressure to restrict their financing of fossil fuel projects, including coal production.

AML / KYC

Puerto Rico Authority Agrees on Liquidation of Euro Pacific Bank

By Editors | 17/09/2022

Euro Pacific Bank customers will recoup 100 percent of their deposits. Several hundred investigations are still underway globally over whether the bank was used for tax evasion.

ESG / Sustainability

Work Begins on Assurance Standards for Sustainability Reporting

By Editors | 16/09/2022

IOSCO welcomes work by the IAASB and IESBA to develop assurance and ethics standards for sustainability-related corporate reporting.

Capital / Liquidity

BCBS Advances Work to Ensure Banking System Resilience

By Editors | 15/09/2022

The BCBS agreed to continue assessing bank use of AI/machine learning, finalise a crypto framework by year-end, and develop measures to address climate risks.

Market Infrastructure

BIS Explores How Central Banks View Cyber Threat Landscape

By Manesh Samtani | 15/09/2022

Central banks are prioritising investment in technical security control and resiliency, embracing risk management concepts, and adopting ‘zero-trust’ models.

AML / KYC

OFAC Sanctions Iranian Actors Over Ransomware Activity

By Editors | 15/09/2022

OFAC said the IRGC-affiliated group has launched extensive campaigns across the globe targeting defence, diplomatic, government and private industry personnel.

Capital / Liquidity

FSB Seeks Feedback on Information Gathering Framework

By Editors | 14/09/2022

The FSB is seeking stakeholder input to inform the revision of its framework for gathering information from FMI Intermediaries to support resolution planning.

Crypto / Digital Assets

Asset Tokenisation Increasingly Relevant in ‘Crypto Winter’ – Report

By Manesh Samtani | 14/09/2022

A new report from BCG and ADDX projects a 50-fold increase in tokenised assets by 2030, bringing the market’s value to over $16 trillion.

AML / KYC

UN Official Calls for Removal of All Iran Sanctions

By Manesh Samtani | 14/09/2022

Alena Douhan calls on the US and its allies to lift all sanctions and other restrictions against Iran, and invites the UN to propose mechanisms of compensation, remedy and redress.