On 21 May 2025, the International Organization of Securities Commissions (IOSCO) issued a statement on combatting online harm and the role of platform providers.
Among other things IOSCO identifies in the statement certain measures currently used in some jurisdictions that can help disrupt online harm involving financial misconduct and encourages platform providers to
On 23 April 2025, the Financial Stability Board (FSB) published a letter from its chair, Klaas Knot, to G20 Finance Ministers and Central Bank Governors ahead of their meeting on 23-24 April.
In the letter Mr Knot reflects on the progress made in addressing global challenges to financial stability and outlines priorities for
In our EMEA regulatory insights series colleagues from our EMEA offices provide an update on some of the key regulatory issues they are seeing in their local market. In this latest episode Karl Masi and Hasanali Pirbhai from our Dubai office provide a regulatory update for the UAE. This includes the FATF’s onsite assessment this
On 26 February 2025, the Financial Action task Force (FATF) issued a public consultation seeking input on best practices in mitigating proliferation financing risks. The consultation is intended to help FATF produce a report that will improve country and private sector understanding of current proliferation financing risks. This will cover the evasion techniques
On 25 February 2025, the Financial Action Task Force (FATF) updated Recommendation 1 and its Interpretive Note, with corresponding amendments to Interpretive Notes to Recommendations 10 and 15, as well as related Glossary definitions to better support financial inclusion. The updates follow the February 2025 FATF Plenary where it was noted that
On 24 February 2025, the Financial Action Task Force (FATF) issued its second public consultation on revisions to Recommendation 16 (R.16), its Interpretive Note (INR.16) and the related Glossary of specific terms, to adapt them to the changes in payment business models and messaging standards.
The objective of the
On 24 February 2025, the Financial Stability Board (FSB) published a letter from its Chair, Klaas Knot, to G20 Finance Ministers and Central Bank Governors ahead of their meeting on 26-27 February. Among other things the letter notes that with key reforms developed or nearing completion, the FSB is shifting toward a greater
On 19 February 2025, the International Organization of Securities Commissions (IOSCO) issued a final report setting out its findings following a thematic review of its recommendations from the 2013 report ‘IOSCO Report Technological Challenges to Effective Market Surveillance: Issues and Regulatory Tools’.
In summary, most market authorities have implemented the recommendations and have
On 14 January 2025, the Financial Stability Board (FSB) issued a report on The Relevance of Transition Plans for Financial Stability.
Background
The report looks at the role that financial and non-financial firms’ transition plans can play for financial stability assessments, in particular as a source of information for monitoring climate-related financial