Despite ambitious pledges towards net-zero emissions by 2050, Europe's 25 largest banks are falling short in their climate and biodiversity strategies, reveals a recent report.

The CSSB has unveiled its pioneering Canadian Sustainability Disclosure Standards (CSDSs), heralding a transformative phase in sustainability reporting. This pivotal release introduces CSDS 1 and CSDS 2 into the CPA Canada Handbook – Sustainability, marking Canada's alignment with global reporting norms while tailoring them to the Canadian context. Bruce Marchand, Interim Chair of the CSSB, highlighted the significance of the standards....

The UK could soon adopt international climate and sustainability reporting standards following recommendations by the FRC Sustainability Disclosure TAC.

The IOSCO has announced the formation of a dedicated network aimed at supporting the adoption and implementation of the International Financial Reporting Standards (IFRS) Sustainability Disclosure Standards (ISSB Standards) across its GEMC. This initiative sees participation from 31 jurisdictions including major emerging economies such as India, China, and Brazil, amongst others, showcasing a unified effort to bolster global sustainability practices. The...

The European Commission has unveiled plans to integrate key ESG frameworks into a unified "omnibus" regulation.

As the DORA sets new compliance benchmarks across Europe, financial institutions face a pressing need to boost their digital safeguards. According to Wordwatch, DORA's comprehensive framework outlines four fundamental pillars crucial for maintaining a robust digital environment: IT Risk Management, ICT & Operational Incident Reporting, Operational Resilience Testing, and Third-Party Risk Management. Each element demands a comprehensive and scalable...

A massive $12.5bn was raised across all FinTech deals reported on by FinTech Global this week, as the year of 2024 comes to a close. The large total was predominantly driven by Databricks’ eye-watering $10bn Series J investment, as well as a $1bn haul from Best Egg. Here are all of this week’s deals.   Databricks secures monumental $10bn Series J Databricks,...

The European Central Bank (ECB) has officially welcomed Bulgaria to the TARGET Instant Payment Settlement (TIPS) platform following a successful migration in December 2024.

Visa has announced the completion of its acquisition of Featurespace, a leading developer of real-time artificial intelligence (AI) payments protection technology.

HC3, a data-driven statement provider based in Birmingham, Alabama, has announced a strategic partnership with Apiture, a leading digital banking solutions provider.