LATEST NEWS

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    ESG / Sustainability

    WEF Paper Outlines Steps for Responsible Carbon Market Engagement

    By Sanday Chongo Kabange | 24/01/2023

    New paper from the World Economic Forum and Bain & Company calls for “decisive action” to scale up VCMs and ensure they serve the promised environmental and societal benefits.

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    Capital / Liquidity

    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.

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    Crypto / Digital Assets

    Crypto Lender Genesis Files for Bankruptcy Protection

    By Editors | 24/01/2023

    Genesis has more than 100,000 creditors who may be owed up to USD 10 billion. The biggest creditor is crypto exchange Gemini.

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    ESG / Sustainability

    US Fed Issues Instructions on Climate Scenario Analysis

    By Editors | 24/01/2023

    Bank of America, Citigroup, Goldman Sachs, JPMorgan Chase, Morgan Stanley and Wells Fargo are asked to submit their responses by 31 July 2023.

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    Securities / Derivatives

    CSRC Revises Rules for Securities Brokerage Businesses

    By Editors | 24/01/2023

    The rules strengthen requirements for firms to protect customers and implement transaction management and process controls.

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    Capital / Liquidity

    US OCC Outlines Framework for “Too-Big-to-Manage” Banks

    By Editors | 24/01/2023

    The OCC is looking to provide more transparency into its escalation framework for dealing with banks that become too big to manage.

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    ESG / Sustainability

    Bangladesh to Form New Market for Shariah Compliant Securities

    By Editors | 23/01/2023

    The BSEC has formed a-nine member advisory council to help develop the new Islamic capital market.

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    ESG / Sustainability

    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.

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    Enforcement

    SEC Complaint Lodged Against SLB For Misleading Claims

    By ESG Investor | 23/01/2023

    A whistleblower complaint has been filed to the US SEC calling for an investigation sustainability-linked bonds issued by Brazilian meat giant JBS.

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    Securities / Derivatives

    NZ FMA Publishes First Risk Assessment of Fund Management Sector

    By Editors | 23/01/2023

    Risk management practices and controls used by fund managers reduce overall risk but “pockets of relatively higher risk” still exist.

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