International

Reporting & Disclosures

MAS-SGX-CDSC Partnership to Expand Access to Climate Transition Data

By Ranamita Chakraborty | 28/06/2023

Work is scheduled to start in Q1 2024, with the goal of integrating MAS’ Project Greenprint’s ESGenome disclosure portal and CDSC’s Net-Zero Data Public Utility global repository of climate transition-related data.

Fraud, Scams & Cybercrime

New Report Details Misuse of Customer Funds by FTX

By Manesh Samtani | 28/06/2023

FTX was able to remove customers’ money from their primary deposit accounts by making misrepresentations to banks.

Capital Adequacy

EU Reaches Provisional Agreement on Basel III Implementation

By Manesh Samtani | 28/06/2023

Elements of the final Basel III reforms would be phased in starting in January 2025, two years after the globally agreed deadline.

ESG Data

EU ESG Ratings Rules Risk Regulatory Fragmentation

By ESG Investor | 28/06/2023

Proposed framework aims to tackle conflict of interest concerns, but fails to address “quality of raw ESG data”.

Anti-Money Laundering

Russia Identified as “High Risk” Jurisdiction in New Report

By Manesh Samtani | 27/06/2023

AML think tank Themis says the threat Russia poses to the integrity of the global financial system has been increasing.

Reporting & Disclosures

ISSB Introduces First-ever Global Sustainability Disclosure Standards

By Ranamita Chakraborty | 27/06/2023

The independent board established by the IFRS will create a transition implementation group to support companies that apply the standards.

Cybersecurity

CalPERS, Genworth Hit by Data Breach in MOVEit Hack

By Mark Johnston | 26/06/2023

CalPERS, the largest US pension fund, and insurer Genworth Financial have disclosed that customer data was breached in the MOVEit hack.

Anti-Money Laundering

Canada Progresses Bill to Create Beneficial Ownership Registry

By Mark Johnston | 26/06/2023

The bill will require federally registered companies to disclose beneficial owners with at least 25 percent ownership or control.

Capital Adequacy

IAIS Launches Final Consultation on New Insurance Capital Standard

By Editors | 26/06/2023

The IAIS issued its fourth and final public consultation on the ICS ahead of its planned adoption at the end of 2024.