Search Results for: Singapore

An International Sustainability Standards Board (ISSB) symposium in Montréal, Canada, has heard how accounting standards experts are striving to build a “global baseline” of regulation based on ISSB standards, despite the contrasting guidance being developed worldwide.

Speaking at the event on Friday (Feb 17), Mark Carney, UN special envoy for climate action and finance, and former central bank governor for the UK and Canada, said of the baseline: “It’s critical.…

The International Organization of Securities Commissions (IOSCO) has updated its Principles for the Regulation and Supervision of Commodity Derivatives Markets, the first major overhaul of this core guidance since 2011. IOSCO said the changes were designed “to provide a resilient framework for the regulation and oversight of the commodity derivatives markets”, taking account of recent market developments and international events, such as the Covid-19 pandemic and Russia’s invasion of Ukraine.…

China’s Zhongguancun Inspection, Testing and Certification Industry Technology Alliance has released a standard to promote Chinese conformity with European Union’s (EU) REACH chemical control regulation in the automotive industry. The standard proposes REACH-compliant restrictions on REACH-regulated automotive chemicals, including paints and coatings.…

As regulators in jurisdictions worldwide prepare to pass laws making sustainability reporting mandatory for listed companies, the auto sector will need to reassess detailed environmental and social standards already developed by standard setting bodies.

That is the case for the US-owned and based auto sector, especially foreign companies making autos in the US and American companies with plants overseas.…

US and Ireland-based autonomous vehicle (AV) technology supplier Aptiv is one of many AV initiatives using the Asian city state of Singapore as a testbed for such vehicles, related sensors and relevant electronic components. The country’s proactivity on AVs has led to four generations of autonomous vehicles being approved for eventual use by Singapore transport authorities, which include models from Audi and BMW.…

Worldwide, coatings companies specialising in manufacturing road pavement surface coatings are experiencing tailwinds, as the public and private sectors increasingly grow aware that these coatings present affordable solutions to major environmental problems.

A South Korean pavement surface coating developed by Incheon-based start-up Jchi Global (1), that reduces the scattering of fine dust in the atmosphere – which the World Health Organisation (WHO) says causes 7 million deaths-a-year worldwide from cardiovascular diseases, respiratory diseases (asthma, COPD), and more.…

As the world’s largest vertical farm is set to launch operations in Gloucestershire later this year, proponents have lauded the sustainability benefits of the model. They say it has the potential to reduce agriculture’s physical and carbon footprint, growing more crops with significantly reduced water usage, zero pesticides and delivering fresher produce than traditional field-based models.…

High value banknotes remain of concern to AML regulators, even though they are increasingly being withdrawn from circulation. Despite the growth of electronic payments, the amount of physical cash in circulation remains huge. The USD remains the currency that circulates most widely in the world, with the US Currency Education Programme (a Federal Reserve scheme) saying that there was USD2 trillion in circulation by the start of 2021 (December 31, 2020).…

How effective is the ongoing fight against money launderers and terrorist financers? AML experts are arguing that despite FATF’s increasing focus on effectiveness in mutual evaluation reports and its extensive data on jurisdictional compliance with its recommendations, more statistical indicators would be valuable.…

FATF has acted against Russia, further squeezing it from the international AML/CFT system over its invasion of Ukraine, that as of October 17 had killed 6,306 civilians (UN figures). The global AML body’s latest plenary meeting highlighted the “needless loss of life, suffering and destruction” caused by the invasion, with Russia violating “FATF’s core principles [on] the security, safety and the integrity of the financial system”.…