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BNY Mellon Fund Services fined €10.8 million by Irish central bank over outsourcing arrangements

On 22 March 2022, the Central Bank of Ireland (the Central Bank) reprimanded and fined BNY Mellon Fund Services (Ireland) DAC (BNY DAC or the Firm) โ‚ฌ10,780,000 pursuant to its Administrative Sanctions Procedure (the ASP) for 16 regulatory breaches relating to the outsourcing of fund administration activities.
York Mellon Corporation Ireland The Central Bank Central Bank Mellon Fund Services Ireland Fund Service Provider Fund Services

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NGFS says nature-related risks could have significant macroeconomic and financial implications

Today, the NGFS published a โ€œStatement on Nature-related financial risksโ€, which acknowledges that nature-related risks, including those associated with biodiversity loss, could have significant macroeconomic implications, and that failure to account for, mitigate, and adapt to these implications is a source of risks relevant for financial stability.
Nick Robins Ravi Menon Ma Jun International Network For Sustainable Financial Policy Insights Workstream On Research Study Group

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