Is there a need for globally mandated ESG reporting requirement?
As dangers associated with climate change continue to become more inescapable in the lives of companies and individuals alike, the importance and need for ESG – Environmental, Social and Governance – in the financial sector is growing stronger. Is it time for globally mandated ESG reporting in the financial sector?
FinTech unicorn Chainalysis doubles its valuation in just a few months
Chainalysis, a blockchain data platform, has closed its Series E round on $100m to bring its valuation to $4.2bn, just months after it was valued at $2bn in its Series D.
CMA warns Monzo and NatWest over banking transaction history breaches
The UK's competition watchdog Competition and Markets Authority (CMA) has issued a warning to Monzo, NatWest Group, Virgin Money and Bank of Ireland after they breached a rule requiring...
European Banking Authority issues guidance on ESG risks
The European Banking Authority (EBA) has issued new guidance for financial institutions to bolster plans for ESG-related risks.
ESMA proposes changes to supervisory fees
The European Securities and Markets Authority (ESMA) has released technical advice to the European Commission on the supervisory fees charged to credit rating agencies (CRAs).
Drata nets $25m in its Series A just months after launching from stealth
Security and compliance platform Drata has netted $25m in its Series A round, which was led by GGV Capital.
Japanese report offers recommendations on promoting sustainable finance
A report by a panel set up by Japan’s Financial Services Agency (FSA) has provided recommendations on how to promote sustainable finance in the country.
Kovrr to team up with MAPFRE RE to support cyber risk management
Cyber risk modelling company Kovrr will deploy its technology into reinsurance firm MAPFRE RE, as part of a new deal.
Palturai closes €4m Series A to support the expansion of its tool suite
RegTech company Palturai has closed a €4m Series A funding round as the company continues its growth efforts of the past year, which included new offices in Austria and the US.
Study finds AML compliance costing UK firms over £28bn a year
A study by LexisNexis Risk Solutions has found anti-money laundering (AML) compliance is costing UK financial institutions £28.7bn and will raise to £30bn by 2023.
