Events listed in World Wide
Virtual Assets: Targeted Update on Implementation of the FATF Standards on VAs and ...
ID 23890
The FATF has extended its AML/CFT measures to include VAs and VASPs in order to prevent criminal and terrorist misuse of this sector. However, a recent report by FATF reveals that many jurisdictions are struggling with the implementation of FATF’s standards on VAs and VASPs. The report highlights that **75% of jurisdictions, based on 98 FATF mutual evaluation and follow-up reports, are only partially ...
ISSB issues inaugural global sustainability disclosure standards
ID 23871
The ISSB has released its inaugural standards, namely IFRS S1 and IFRS S2. This development marks a significant milestone in the realm of sustainability-related disclosures in global capital markets. The introduction of these standards is expected to enhance trust and confidence in company disclosures pertaining to sustainability, thus enabling better-informed investment decisions. The development of IFRS S1 and IFRS S2 by the ISSB was ...
FATF Plenary Outcomes, Mutual Evaluation of Luxembourg, High-Risk Jurisdictions ...
ID 23851
The third Plenary of the FATF was held under the Presidency of T. Raja Kumar of Singapore in Paris. Delegates from over 200 jurisdictions and international organizations participated in the discussions. The importance of a global response to combat money laundering, financing of terrorism, and proliferation was emphasized. The FATF expressed its condolences to Ukraine for the loss of life and infrastructure caused by ...
Asset Management
report / study
NGFS publishes Conceptual Note for the Blended Finance Handbook
ID 23831
The NGFS has released a conceptual note outlining the key points for scaling up blended finance for climate adaptation and mitigation in EMDEs. The note emphasizes the role of climate blended finance in greening the global financial system and addresses the challenges faced in financing climate change initiatives. **Global investments required to achieve the Paris Agreement goals range from US$3 trillion to US$6 trillion ...
Capital Markets
conference / webinar
IOSCO World Investor Week to focus on Investor Resilience, Crypto Assets, and ...
ID 23818
IOSCO is set to mark its seventh annual World Investor Week (WIW) from 2 to 8 October 2023, with flexibility for participating jurisdictions to choose alternative weeks in October or November for WIW-related activities. This event has seen increasing participation from various jurisdictions, including both developed and emerging-market regions, over the past few years, demonstrating the growing importance of financial education in bolstering retail ...
Asset Management
consultation
IOSCO calls for inputs on Goodwill
ID 23817
IOSCO has published a Consultation on Goodwill, seeking input from market participants on addressing the risk of unrecognized impairment and related disclosures concerning accumulated goodwill balances resulting from business combinations. Indeed, the accumulated goodwill balance of the S&P 500 has more than doubled since 2008, reaching USD 3.7 trillion in 2021. Similarly, the European Union witnessed a nearly 50% increase in reported goodwill from ...
FSB consults on toolkit for enhancing third-party risk management and oversight
ID 23816
The FSB has released a toolkit for public consultation, aimed at assisting financial authorities, financial institutions, and service providers in managing and overseeing third-party risks. The toolkit acknowledges the increasing digitalization of the financial services sector and the growing reliance on third-party service providers by financial institutions for various critical operations. While these dependencies can offer advantages such as flexibility, innovation, and im ...
Consolidated assessment ratings – Mutual Evaluation & Follow-Up Reports ...
ID 23815
The FATF has published its latest updates to its Consolidated assessment ratings together with the publications of Mutual Evaluation & Follow-Up Reports of Albania, Angola, Madagascar, Mexico, Qatar and Seychelles on progress in strengthening measures to tackle money laundering and terrorist financing. The updated Consolidated assessment ratings provide an **up-to-date overview of all assessed countries concerning the effectiveness and technical compliance with the FATF ...
Project Leap proves the viability of a quantum-safe financial system
ID 23562
The BIS Innovation Hub Eurosystem Centre, Banque de France, and Deutsche Bundesbank have collaborated on Project Leap to establish a quantum-safe communication channel for shielding financial data. This initiative addresses the vulnerability of current cryptographic algorithms and the confidentiality of financial data to the potential threat posed by quantum computers. Quantum computers have the capability to compromise the security of existing cryptographic protocols, which ...
Asset Management
report / study
NGFS publishes a stock-take on Transition Plans
ID 23476
The NGFS has released a report that examines emerging practices related to climate transition plans and evaluates the role of central banks and supervisors in relation to these plans. The report was published during the Green Swan Conference 2023, which was co-organized by the NGFS, the Bank for International Settlements, the Central Bank of Chile, and the South African Reserve Bank. Building on the ...