International

AML / KYC

FATF Issues Update on Standards Work for the NPO Sector

By Manesh Samtani | 19/07/2024

The FATF will revise Recommendation 1 to better enable financial inclusion by improving the risk-based approach and supervision.

ESG / Sustainability

NGFS Calls for High-quality Climate Data

By ESG Investor | 19/07/2024

NGFS’s new information note is intended as an additional resource for central banks looking to bridge climate-related data gaps.

ESG / Sustainability

FSB Publishes Stocktake on Nature-related Financial Risks

By Manesh Samtani | 19/07/2024

Work by authorities indicates that FIs face large exposures to nature-related physical risk via their investments and financing activities.

ESG / Sustainability

UNEP FI Provides Circular Economy Guidance for Banks

By ESG Investor | 19/07/2024

Banks are encouraged to embed circularity into internal policies and processes, and engage with clients on transitioning to circular business models.

Market Infrastructure

Why UTIs are Critical for Accelerated Settlement

By Val Wotton | 18/07/2024

Firms should incorporate the UTI as a standard data point in post-trade processing workflows, says DTCC’s Val Wotton.

Securities / Derivatives

Two ETFs Tracking Saudi Stocks Make China Debut

By Nithya Subramanian | 18/07/2024

Listed on the Shanghai and Shenzhen stock exchanges, these ETFs offer Chinese investors access to Saudi equities, promoting financial ties between the two countries.

Enforcement

US Jails Man for Shipping Microelectronics to Russia via Hong Kong

By Editors | 17/07/2024

Russian national Maxim Marchenko procured dual-use military grade microelectronics for Russian end users using Hong Kong-based shell companies.

Crypto / Digital Assets

BCBS Publishes Final Standards for Bank Crypto Exposures

By Manesh Samtani | 17/07/2024

The BCBS published final amendments to the prudential standard and the final disclosure framework for banks’ cryptoasset exposures.

ESG / Sustainability

ICGN Releases Sustainability Assurance Guidance

By ESG Investor | 17/07/2024

The ICGN said many companies and markets are in the early stage of sustainability reporting, and much of the information is not “ready for assurance”.