International

Reporting & Disclosures

Common Ground Taxonomy: An Analytical Tool

By Manesh Samtani | 20/09/2022

The HKGFA is looking to address misconceptions about the EU-China Common Ground Taxonomy and how it is meant to be used, says Chaoni Huang.

Trading & Investment

Rosneft Becomes Third Russian Firm to Issue CNY Bonds

By Editors | 19/09/2022

The Rosneft deal marks the biggest bond sale ever by a Russian business. RUSAL  and gold producer Polyus also recently issued yuan-dominated bonds.

PEPs & Sanctions

OFAC Issues Guidance on Transacting With Tornado Cash

By Editors | 18/09/2022

US persons may request a specific licence from OFAC to complete transactions involving sanctioned crypto mixer Tornado Cash.

Climate Risk

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.

Anti-Money Laundering

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.

Reporting & Disclosures

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.

Emerging Prudential Risks

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.

Cybersecurity

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.

PEPs & Sanctions

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.