International Content

On 22 April 2021, the Australian Prudential Regulation Authority (APRA)[1] has released for consultation[2] its draft Prudential Practice Guide CPG 229 Climate Change Financial Risks ("draft CPG 229"), outlining voluntary prudential practices for APRA-regulated institutions, including...

On 27 May 2021, the China Banking and Insurance Regulatory Commission (CBIRC) released the Wealth Management Measures for the Administration of Sales for Wealth Management Products Issued by Wealth Management Companies (Wealth Management Measures), governing the distribution of wealth...

On May 28, 2021, we submitted the attached comment letter providing feedback on the UK Financial Conduct Authority's (FCA's) second consultation on the implementation of the Investment Firms Prudential Regime (IFPR). The IFPR - a new prudential regime for investment firms authorized...

CFA Institute is developing voluntary, global industry standards - CFA Institute ESG Disclosure Standards for Investment Products - to establish disclosure requirements for investment products with environmental, social, and governance (ESG)-related features. In August 2020, it...

On January 30, 2021, the European Securities and Market Authority (ESMA) launched a Common Supervisory Action (CSA) on UCITS liquidity risk management (LRM). The goal of the exercise was to conduct coordinated supervisory activities to assess whether UCITS managers comply with their...

In March, the European Commission launched a consultation[1] on supervisory convergence and the single rule book. Input to the consultation will feed into the preparation of a report required by the Capital Markets Union,[2] which will also cover the review required under the European...

CFA Institute is developing voluntary, global industry standards—CFA Institute ESG Disclosure Standards for Investment Products—to establish disclosure requirements for investment products with environmental, social, and governance (ESG)-related features. In August 2020, it released a...

The IFRS Foundation recently released proposed amendments to its constitution to accommodate the creation of the International Sustainability Standards Board (ISSB or Board) to develop international sustainability reporting standards.

On 11 May 2021, the European Commission ("the Commission") published a consultation on a retail investment strategy for Europe ("the consultation").

On May 6, we sent the attached letter to the Director of the Office of Foreign Assets Control (OFAC), Andrea Gacki, requesting that OFAC address the harmful effects of the implementation of Executive Order 13959 (Order) related to unlisted subsidiaries of entities publicly listed as...