Events listed in World Wide
Asset Management
report / study
FR04/23 Report on International Work to Develop a Global Assurance Framework for ...
ID 22524
IOSCO recently released a report detailing the need for a global assurance framework for sustainability-related corporate reporting. The report reveals that stakeholders have expressed strong support for IOSCO’s leadership in coordinating and promoting consistency in sustainability-related reporting. IOSCO encourages engagement and capacity building within the reporting ecosystem to support the development of the global assurance framework. Currently, some issuers seek ...
Asset Management
information
Connectivity―what is it and what does it deliver?
ID 22453
The ISSB was created to operate alongside the IASB to provide information for investment decisions. Having two standard-setting boards within the IFRS Foundation offers stakeholders the benefits of connectivity, resulting in holistic and coherent general purpose financial reports. Investors are the primary audience for general purpose financial reports, including sustainability-related financial disclosures and financial statements, which complement each other. Connectivity i ...
BIS’s Project Nexus prototype successfully links Eurosystem, Malaysia and ...
ID 22440
The BIS Innovation Hub published a report on Project Nexus, an initiative that aims to improve instant cross-border payments. Indeed, cross-border payments are often slow, costly, and frustrating, with significant costs imposed on individuals and businesses. In contrast, domestic instant payment systems (IPS) in over 60 countries reach their destination in seconds at near-zero cost. **Nexus seeks to link up multiple instant payment systems ...
Countering Ransomware Financing
ID 22265
The Financial Action Task Force (FATF) has published a new Countering Ransomware Financing report, highlighting the dramatic increase in financial flows related to ransomware attacks in recent years. The increase in such attacks is due to new techniques, such as targeting large, high-value entities and ransomware as a service. The report emphasizes the dire consequences of ransomware attacks, including damage and disruption to critical ...
Guidance on Beneficial Ownership of Legal Persons
ID 22223
The FATF published it Guidance on Beneficial Ownership of Legal Persons, specifying Recommendation 24 of the FATF Recommendations. As a reminder, at the March 2022 Plenary, the FATF adopted amendments to Recommendation 24, and agreed to immediately start the work to update guidance on beneficial ownership, with a view to help support the implementation of the new requirements. The FATF’s revised **Recommendation 24 requires ...
The FATF Recommendations
ID 22218
The FATF Recommendations, initially adopted by the FATF Plenary in February of 2012, have been updated by making amendments to Recommendation 25 on transparency and beneficial ownership of legal arrangements. The FATF Recommendations represent comprehensive and consistent framework of measures which countries should implement in order to combat money laundering (AML) and terrorist financing (CFT), as well as the financing of proliferation of weapons ...
ISO 20022 harmonisation requirements for enhancing cross-border payments
ID 22077
The CPMI has released a consultative report proposing 15 requirements for harmonised use of ISO 20022 for cross-border payments. The CPMI has proposed requirements for the harmonized use of ISO 20022 for cross-border payments. The adoption of ISO 20022 as a common messaging standard presents an opportunity to improve cross-border payments, but its varying deployment globally could undermine its benefits. **The present CPMI report ...
Outcomes FATF Plenary, 22-24 February 2023 (FATF Statement on the Russian ...
ID 22019
The FATF informs about the outcomes of its FATF Plenary Meetings from 22-24 February 2023, suspending the FATF membership of the Russian Federation, discussing and adopting the Mutual Evaluation Reports of Indonesia & Qatar, updating its High-risk and other monitored jurisdiction lists (FATF „black list“ and „grey list“). It also notifies about its strategic initiatives on beneficial ownership, the disruption of ransomware, and requirements ...
G20 Roadmap for Enhancing Cross-border Payments: Priority actions for achieving the ...
ID 21994
The Financial Stability Board (FSB) has published a report outlining priority actions to achieve the G20 targets for enhancing cross-border payments. The report has been submitted to the G20 Finance Ministers and Central Bank Governors for their meeting on 24-25 February 2023. The report summarizes the lessons learned during the first two years of the Roadmap for Enhancing Cross-border Payments and includes feedback from ...
Consolidated assessment ratings – Costa Rica’s, Colombia’s, Hong ...
ID 21958
On 20 February 2023, the FATF has published its latest update to its Consolidated assessment ratings together with prior publications of Costa Rica’s, Colombia’s, Hong Kong’s & Norway’s Follow-up Reports & Technical Compliance Re-Ratings on progress in strengthening measures to tackle money laundering and terrorist financing. CONSOLIDATED ASSESSMENT RATINGS The updated Consolidated assessment ratings provide an up-to-date overview of all asse ...