EU Taxonomy: A regional ESG initiative with a global impact.

View Legal Terms ESG Regulation EU 2020/852 (EU Taxonomy): Regional Initiative. Global Impact. Looming Deadline. As the world grapples with the climate crisis, food scarcity, ocean acidification, among a host of abuses against the planet, corporations have moved from simply reacting to more proactively courting the public’s approval. This shift has led many market participants […]

The Basel IV Parallel Run Commences

Download PDF View Legal Terms The Basel IV Parallel Run Commences – Switzerland Paves the Way for Europe. The Swiss Financial Market Supervisory Authority (FINMA) has set out requirements for selected Swiss entities to begin parallel reporting runs in January 2023. The FINMA and Swiss National Bank (SNB) revisions reflect the final round of the […]

CFTC Rewrite – Avoid a Rocky End to a Long Journey

Download PDF View Legal Terms The CFTC Rewrite – Avoid a Rocky End to a Long Journey. With its long-expected Rewrite (DFA Parts 43 and 45), the CFTC aims to bring the US market into alignment with harmonized critical OTC derivatives data elements. Where this Rewrite is heading, so follows the EMIR Refit, and it […]

Brazil BACEN Resolution 229 Impacts Credit Risk & DLO

Download PDF View Legal Terms BACEN Resolution 229 A credit-risk fine tuning that aligns with BCBS and impacts Brazil’s DLO reporting Effective on January 1, 2023, BACEN’s Resolution 229 poses challenging requirements that impact the way financial institutions currently calculate credit risk and how they report it. In March 2023, all banking segments must include […]

Canada Goes Live with Basel IV Changes Q1 2023

Download PDF View Legal Terms Basel IV: Canada The long-heralded Basel reforms are now just over the horizon for Canada — even without a resolution to the debate as to whether these changes represent a continuation of Basel III or are significant enough to be treated as distinct round of reforms and therefore worthy of […]