News & Analysis as of

IFRS Financial Services Industry

Ropes & Gray LLP

International Sustainability Standards Board Launches Public Consultation on Proposed Amendments to IFRS S2 GHG Emissions...

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The International Sustainability Standards Board has released an Exposure Draft proposing targeted amendments to greenhouse gas emissions disclosure requirements under the IFRS S2 Climate-related Disclosures standard. The...more

Latham & Watkins LLP

PCAF Launches Consultation on New Methodologies for the Global GHG Accounting and Reporting Standard

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The consultation covers new methodologies for the financial sector’s GHG emissions reporting, including regarding avoided emissions, or “scope 4” emissions. On 3 December 2024, the Partnership for Carbon Accounting...more

Eversheds Sutherland (US) LLP

Global ESG Insights - May 2024

Welcome to the latest edition of our monthly ESG Insights providing you with a summary of the key developments from around the world. Global - IFRS Foundation releases jurisdictional adoption guide for ISSB Standards- On...more

Latham & Watkins LLP

Recent Developments for UK PLCs - July Edition

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This edition covers new global sustainability reporting standards, proposals to reform corporate criminal liability laws, the enactment of FSMA 2023, FRC guidance on dividend reporting, Investment Association guidance on...more

Cadwalader, Wickersham & Taft LLP

ISSB Announces First Two Sustainability Disclosure Standards to Come Into Force from January 2024

Following strong demand from investors for a timeline, the International Sustainability Standards Board (ISSB) has confirmed that draft IFRS S1 (General Requirements for Disclosure of Sustainability-Related Financial...more

Sullivan & Worcester

July Webinar 2022 - The value and problems of using an IPU (Irrevocable/Independent Payment Undertaking) in Trade Receivables...

Sullivan & Worcester on

At the latest Trade & Export Finance webinar, partner Geoffrey Wynne delved into the topic of Irrevocable/Independent Payment Undertaking commonly referred to as an IPU. An IPU is a payment obligation usually given by the...more

Proskauer Rose LLP

Regulation Round Up - May 2020

Proskauer Rose LLP on

27 May - The Financial Conduct Authority (“FCA”) published a new webpage that explains that it is allowing firms to defer individuals' uncompleted continuing professional development (“CPD”) hours to the next CPD year in...more

Sullivan & Worcester

New ITFA Guide to IFRS 9 for the Trade Receivables and Supply Chain Finance Industry

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ITFA has published "A guide to accounting and legal issues under IFRS 9 for the trade receivables and supply chain finance industry." These are ITFA's first set of guidelines on the standards aimed solely at the trade and...more

Blake, Cassels & Graydon LLP

Annual Review of Federal Financial Institution Legislation

In 2018, financial institutions in Canada witnessed yet another year of significant expansion in legislation and regulatory guidance impacting their operations....more

King & Spalding

Covenants Reconsidered In Preparation for New Lease Accounting Rules (ASC 842; IFRS 16)

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A joint effort by the Financial Accounting Standards Board (“FASB”) and the International Financial Reporting Standards Foundation (“IFRS”) will fundamentally reset the accounting treatment of leases under both US-GAAP and...more

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