IOSCO welcomes the work of the international audit and assurance standard setters – the International Auditing and Assurance Standards Board (IAASB) and the International Ethics Standards Board for Accountants (IESBA) – on assurance of sustainability-related corporate reporting.
Today, we celebrate four years of open banking in the UK. Over these last few years the innovative practice has brought us more control over financial information, a plethora of apps and services that would fall flat without open data sharing, and an endless supply of opportunities to take finance further.
ETFs have been the buzzword for both the finance and crypto industries in the last quarter of 2021. Australia’s contribution has been the BetaShares ETF (a fund investing in global crypto-linked companies) launching in early November and delivering over $40m in trades on the ASX debut.
One of the differences in the way that this year’s Money2020 has been organized is the availability of the Speakeasy room where a small group of fintech nerds can #AskMeAnything from selected speakers. One of those speakers was Marcus Hughes, the Managing Director of Europe for Coinbase, and the editorial team at #DisruptionBanking were delighted to be invited to hear what he had to say:
The FCA alleges that increasingly large cash deposits were made into the customer’s accounts. It is alleged that around £365 million was paid into the customer’s accounts, of which around £264 million was in cash.
Just this month the Bank of England’s Prudential Regulation Authority (PRA) published a consultation paper on the implementation of Basel III standards. The PRA are seeking to enhance bank’s regulatory obligations regarding minimum capital ratios and liquid asset holdings.
ABI and GBIC note that the current regulatory approach to non-performing exposures was developed under completely different circumstances and should, therefore, be reconsidered in light of the pandemic emergency.
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