Events listed in World Wide
Climate-related Financial Risk Factors in Compensation Frameworks
ID 22877
The FSB published its Climate-related Financial Risk Factors in Compensation Frameworks report, discusses the increasing trend of financial institutions using non-financial measures, including ESG aspects, to drive accountability for performance measurement in order to determine variable compensation. The report specifically focuses on how climate-related financial risk factors are being incorporated into compensation frameworks. The report provides examples of evolving pract ...
Publication of the ABC Guidance
ID 22805
The Wolfsberg Group has released an updated its Wolfsberg Anti-Bribery and Corruption Compliance Programme Guidance to promote ethical business practices and compliance with legal and regulatory requirements. The guidance is designed to provide guidance to the financial services industry on how to develop, implement, and maintain an effective ABC Compliance Programme. The overall objective of the Guidance is to **promote a culture of ethical ...
FSB sets out a comprehensive approach to achieve greater convergence in cyber ...
ID 22764
The FSB published the final report of its Recommendations to Achieve Greater Convergence in Cyber Incident Reporting as well as its Format for Incident Reporting Exchange (FIRE), and updated its Cyber Lexicon. Cyber incidents are increasingly becoming more frequent and sophisticated, while the cyber threat landscape is rapidly expanding due to digital transformation, geopolitical tensions, and increased dependencies on third-party service providers. The **interconnectedness . ...
Basel Committee finds South Africa largely compliant with its Net Stable Funding ...
ID 22736
The BIS published two assessment reports on South Africa’s compliance with global standards set by the Basel Committee on Banking Supervision. The reports reveal that South Africa’s regulations on the NSFR and Basel LEX framework are largely compliant and compliant, respectively. These publications are part of the Committee’s RCAP, which aims to ensure regulatory consistency among member jurisdictions. On the one hand, the [**Regulatory ...
Asset Management
information
IOSCO Commits to Deliver on Sustainability Disclosures and Crypto Exchanges in 2023 ...
ID 22691
IOSCO has published its 2023-2024 Work Program, which outlines its priorities for the next two years. The program builds on ongoing priorities identified in the 2021-2022 Work Program, the internal workplans of the Board-level FSEG and Board-Taskforces, selected sectoral initiatives of IOSCO Board Committees, as well as new workstreams to emerge from Board discussions on the prioritization of IOSCO work. **The workstreams in this ...
Asset Management
information
April 2023 supplementary ISSB Update now available
ID 22679
On 4 April 2023, the ISSB convened to deliberate on transition reliefs for the IFRS S1 General Requirements for Disclosure of Sustainability-related Financial Information. The board provisionally agreed to include a transition relief in IFRS S1 that would permit an entity to report solely on climate-related risks and opportunities outlined in IFRS S2 Climate-related Disclosures during the first year of implementing IFRS S1 and ...
Asset Management
report / study
IFRS Foundation publishes 2022 Annual Report
ID 22667
The IFRS Foundation has released its 2022 Annual Report for the year ending on 31 December 2022. The report highlights significant achievements of the IASB and the ISSB towards their mission of providing better information to investors and other capital market participants worldwide for making informed decisions. The report also discusses the consolidation of the IFRS Foundation, the Climate Disclosure Standards Board, and the ...
Consolidated assessment ratings – Venezuela’s measures to combat money ...
ID 22641
On 20 February 2023, the FATF has published its latest update to its Consolidated assessment ratings together with the publication of the Mutual Evaluation Report of the Bolivarian Republic of Venezuela 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 assessed countries concerning the effectiveness and technical ...
Asset Management
report / study
IOSCO publishes final measures for regulators to consider in addressing emerging ...
ID 22588
IOSCO has released a Final Report on Retail Market Conduct. This report is a response to the changing macro conditions, demographic trends, and technological developments that have influenced the retail trading landscape The Retail Market Conduct Task Force of the IOSCO Board led the preparation of the report. This task force includes the Australian Securities and Investments Commission and the Central Bank of Ireland. ...
Various technical amendments and FAQs
ID 22560
The BCBS has issued a document addressing interpretative issues related to the Basel Framework, which includes proposals for technical amendments and FAQs. The BCBS regularly monitors and reviews the implementation of its standards to promote a consistent global implementation of the Basel Framework. Some implementation issues require an amendment to the text of the standard itself to be resolved unambiguously. Therefore, **the Committee has ...