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Reporting & Disclosures
TCFD Disclosures Not Delivering Decision-Useful Information
By ESG Investor | 30/11/2022
While the number of companies producing climate-related disclosures is increasing, less than half are including decision-useful information, says Manifest Climate.
Payments & Settlements
More Than 500 Banks Have Now Adopted ‘Swift Go’
By Editors | 30/11/2022
Swift outlines progress made in 2022 toward the G20’s goals for enhancing cross-border payments, including through CBDC experimentation.
Market Data & Technology
GLEIF Enables LEI Mapping for S&P Global Company IDs
By Editors | 30/11/2022
GLEIF already provides ISIN-LEI, BIC-LEI and MIC-LEI mapping certification, and has been encouraging data vendors to map their identifiers to the LEI.
Cybersecurity
CPMI, IOSCO Identify Cyber Resilience Weaknesses at Some FMIs
By Editors | 30/11/2022
Some financial market infrastructures have not yet developed their cyber response and recovery plans to meet the two-hour recovery time objective.
Emerging Prudential Risks
BCBS Warns of Risks from Bank Exposures to Leveraged NBFIs
By Editors | 30/11/2022
Bank exposures to NBFIs, particularly highly leveraged firms, could lead to excessive risk concentration and potential liquidity issues.
Cryptocurrency
IOSCO to Develop Regulatory Guidance for Crypto Market
By Editors | 30/11/2022
IOSCO chair Jean-Paul Servais said new standards for regulating “crypto conglomerates” are an “obvious necessity.”
PEPs & Sanctions
EU to Gain Legal Authority to Punish Sanctions Circumvention
By Editors | 30/11/2022
The move will make it easier for EU authorities to take action against anyone who helps Russia avoid its sanctions.
Data Privacy
Australia Passes Bill Raising Penalties for Privacy Violations
By Manesh Samtani | 29/11/2022
The legislation also amends the extraterritorial jurisdiction of the Privacy Act to bring into scope foreign firms conducting business in Australia.
Cybersecurity
APRA to Intensify Industry Scrutiny Following Medibank Hack
By Sanday Chongo Kabange | 29/11/2022
APRA to intensify supervision of all entities not meeting CPS 234. Medibank executive pay could be impacted.
Fraud, Scams & Cybercrime
Turkish Authorities Seize FTX Assets Amid Criminal Probe
By Editors | 29/11/2022
Turkish investigation found that FTX failed to safely store user funds, embezzled customer funds, and manipulated market supply and demand.
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