International

Conduct, Culture & Accountability

EU Faces Industry Opposition on Proposed Commission Ban

By Mark Johnston | 24/01/2023

Financial industry associations say a ban on commissions paid to financial advisers for selling financial products would harm consumers.

Climate Risk

Researchers Dispute Benefits of Verra Approved Carbon Credits

By Editors | 23/01/2023

Investigative journalists found that only a handful of Verra’s rainforest projects showed evidence of deforestation reductions.

DeFi & Web3

WEF Publishes Toolkit to Facilitate Development of DAOs

By Editors | 21/01/2023

DAOs have the potential to address the shortcomings of traditional firms while also realising more equitable governance and operations.

Reporting & Disclosures

ISSB “Straying” from Core Purpose with Scope 3 Inclusion

By ESG Investor | 20/01/2023

Despite investors calling for disclosure of all emissions, there are concerns the board is reaching beyond its remit.

Payments & Settlements

Multilateral Platforms Will Benefit Cross-Border Payments

By Sanday Chongo Kabange | 20/01/2023

New paper from the BIS, IMF and World Bank assesses the benefits and challenges associated with using multilateral platforms for cross-border payments.

Climate Risk

Crypto Firms Team Up to Accelerate Climate Action

By Mark Johnston | 19/01/2023

The partnership comprises the GBBC, Eqo Networks, BxCi, Solana Foundation, Ripple, Regen Network, and Climate Collective.

Data Privacy

Australia: Three Law Firms Join Forces for Medibank Class Action

By Editors | 19/01/2023

The class action seeks compensation for Medibank customers who had their personal and health data stolen by Russia-linked hackers in last year.

Emerging Prudential Risks

Implementation of 2013 NBFI Reforms Are Incomplete: FSB

By Editors | 19/01/2023

Jurisdictions have not finished implementing Basel III reforms to mitigate spillovers between banks and non-bank financial entities.

Anti-Money Laundering

Authorities Dismantle Russia-Linked Crypto Firm Bitzlato

By Manesh Samtani | 18/01/2023

Bitzlato facilitated $700mn in crypto transfers for Hydra users and received more than $15mn in ransomware proceeds.