International

Reporting & Disclosures

IOSCO Finalises Guidance on Preventing Greenwashing in Funds

By Editors | 03/11/2021

IOSCO provides five recommendations for regulators to consider as they develop sustainability-related rules and regulations for asset managers.

Emerging Prudential Risks

FSB Reports Progress to G20 on Financial System Resilience

By Editors | 02/11/2021

The FSB emphasises a need to ensure that regulatory frameworks allow for the financial sector to harness the benefits of innovation while containing the related risks.

Climate Risk

G20 Approves Global Tax Deal, Commits to Climate Goals

By Editors | 02/11/2021

International tax reforms were approved by all the G20 leaders ahead of the COP26 summit on climate change in Glasgow which began on Monday.

Reporting & Disclosures

CFA Standards Shine Spotlight on Funds’ ESG Claims

By ESG Investor | 02/11/2021

The voluntary standards aim to help investors assess and compare how investment products consider ESG issues across objectives, strategy, and stewardship.

KYC & CDD

Trust but Verify: Establishing a Client’s Source of Wealth

By Editors | 01/11/2021

The Pandora Papers provide a stark reminder of the importance of having a robust risk assessment process in place for due diligence and source of wealth checks.

Cloud & Infrastructure

IOSCO Updates, Expands Principles on Outsourcing

By Editors | 31/10/2021

IOSCO’s principles on outsourcing have been updated to include trading venues, intermediaries/market participants acting on a proprietary basis, and CRAs.

Capital Adequacy

EU Defers Full Basel III Implementation to January 2025

By Manesh Samtani | 29/10/2021

The EU’s Basel III package of rules includes requirements for banks to under climate stress testing as well as identify, disclose and manage ESG risks.

Anti-Money Laundering

FATF Completes Phase One of Unintended Consequences Project

By Manesh Samtani | 29/10/2021

The FATF has published summary results from a stocktake to understand the unintended consequences that are occurring as a result of AML/CFT standards.

Climate Risk

UNEP FI Warns of Inconsistencies in FIs’ Transition Plans

By ESG Investor | 28/10/2021

New recommendations offer a baseline for asset owners assessing the credibility of their asset managers’ net-zero commitments and investment strategies.