Blog
Binance's Adaptation to Global Cryptocurrency Compliance
Navigating shifting regulatory landscapes, Binance withdraws its application for a cryptocurrency custody license in Germany. This move highlights the urgent need for harmonized global cryptocurrency regulations.
Politically Exposed Persons: Risk Management
The Commission's recent report urges financial institutions to refine their risk management strategies for Politically Exposed Persons (PEPs). Emphasizing improved documentation and nuanced strategies for domestic and foreign PEPs, it underlines the importance of robust AML and KYC compliance.
ISSB's Proposed IFRS S2 Digital Taxonomy
The ISSB's IFRS S2 digital taxonomy signifies a transformative shift in global sustainability reporting. It impacts a broad spectrum of financial institutions, standardizing reporting, enhancing transparency, and transforming investor information consumption.
Unallocated Total Loss Absorbing Capacity (TLAC) Assets
In the evolving global financial regulatory landscape, GSIBs' management of unallocated Total Loss-Absorbing Capacity (uTLAC) is gaining prominence. As regulators emphasize transparency and cross-border cooperation, GSIBs need proactive engagement, robust tracking, and effective capital strategies.
EBA and ESMA's Assessment of Shareholder Rights Directive
The EBA and ESMA's joint report on the implementation of SRD2 sets the stage for potential regulatory reforms in the EU. The report's focus on fee harmonization and improved disclosures could drive competition, enhance market transparency, and reshape regulatory compliance for banks.
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