Asia advances sustainability-related finance taxonomies, disclosure rules &...
In Asia, new initiatives on green taxonomies, blended finance, and disclosure rules set the stage for increased activity at both the national and regional levels on sustainability-related finance. The...
View ArticleEuropean Central Bank sees supervisory boost from generative AI
The European Central Bank (ECB) has found more than 40 use cases for generative artificial intelligence (Gen AI) in banking supervision, highlighting the potential for new technology to make day-to-day...
View ArticleESG disclosure mandates & standards likely to spur rise in greenwashing...
Claims of greenwashing — allegations of fraud related to environmental, social & governance (ESG) matters involving misconduct or misstatements — will emerge more prominently in 2024. Potential...
View ArticleHow to conduct a double-materiality assessment to comply with the EU’s CSRD
Timelines to comply with the European Union’s Corporate Sustainability Reporting Directive (CSRD) are fast approaching as large non-EU-based companies with significant EU operations will need to report...
View Article‘AI washing’ meets marketing rule, as SEC fines two advisers for their AI claims
The U.S. Securities and Exchange Commission (SEC) has announced settlements with two investment advisers for making false and misleading statements about their purported use of artificial intelligence...
View ArticleAPP fraud: The UK’s mandatory reimbursement requirement
In the United Kingdom, the mandatory reimbursement requirement for authorized push payment (APP) fraud comes into force on Oct. 7. Announced by the Payment Services Regulator (PSR) on June 7, 2023, the...
View ArticleErosion in the rule of law creates potential corporate governance gaps &...
Observing a world engulfed in conflict across different regions and witnessing the monumental shifts caused by rapid technological innovation, it becomes crucial to consider the ways in which political...
View ArticleHow businesses should respond to the SEC’s cybersecurity disclosure rules
Cybersecurity operations and reporting are undergoing a heightened level of scrutiny due to contentious cybersecurity disclosure regulations issued by the U.S. Securities and Exchange Commission (SEC)....
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Buying trends in sustainability reporting tools suggest big changes in next...
As sustainability reporting and data collection becomes more important, the challenges that surround these tasks become more pronounced. This, in turn, is placing additional pressures on investments...
View ArticleImportant considerations surrounding the FTC ban on noncompete contracts
The U.S. Federal Trade Commission (FTC) has finalized rules prohibiting noncompete clauses, which restrict a worker’s ability to work at competing firms after leaving an employer, common in the...
View ArticleForum: Adoption of global sustainability disclosure standards gains steam...
Sustainability factors are becoming a mainstream part of investment decision-making. Of the biggest public companies listed in the United States, 90% of the S&P 500 voluntarily report...
View ArticleThe importance of insurance compliance programs
While most individuals and organizations choose traditional financial institutions and their array of product offerings, there are other options available in the market. When looking for savings and...
View ArticleForum: Global impact of the EU AI Act
On March 13, the global landscape of artificial intelligence (AI) changed when the European Parliament voted to approve the European Union’s Artificial Intelligence Act (EU AI Act). On first look, the...
View ArticleDeepfakes: Federal and state regulation aims to curb a growing threat
Is it real, or is it a deepfake? Deepfakes are simulated images, audio recordings, or videos that have been convincingly altered or manipulated to misrepresent someone as saying or doing something that...
View ArticleUS Treasury proposes long-overdue rule to bolster and modernize...
The anti-money laundering unit of the United States Treasury Department recently began a long-delayed rulemaking process to “strengthen and modernize” financial institutions’ anti-money laundering and...
View ArticleUS financial regulators, banks, industry groups remain cautious on Supreme...
US financial institutions, the regulators who oversee them, and the industry groups that advocate for them have largely maintained a curious silence over the Supreme Court’s momentous decision to...
View ArticleConsumers or financial institutions: Who bears the burden of scam-induced...
In the world of high-profile financial scams, the responsibility is typically placed on the consumer as they are the ones initiating payment. As victims who willingly sent funds, albeit under false...
View ArticleWill some companies opt for noncompliance of CSRD in the short term?
Cries of frustration from sustainability practitioners in carrying out double-materiality assessments or trying to understand the gaps in their current data collection processes have persisted with the...
View ArticleHHS-OIG expects nearly $3 billion in recoveries, according to semiannual...
The U.S. Department of Health and Human Services (HHS) Office of Inspector General (OIG) reports it could recoup billions of dollars in “misspent Medicare, Medicaid, and other health and human services...
View ArticleActions companies can take now to prepare for the EU’s CBAM in supply chains
The European Union’s Carbon Border Adjustment Mechanism (CBAM) — with its first reporting deadlines due earlier this year — represents a major step forward in the region’s bold climate change...
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