ESG / Sustainability

ESG / Sustainability

New Zealand Seeks to Extend Climate Disclosure Deadlines

By Ranamita Chakraborty | 11/07/2023

If approved, the exemption would waive the requirement for climate reporting entities to include their climate statements in their annual reports, and instead file them separately within four months of their balance date.

ESG / Sustainability

NZIA an “Empty Shell” as it Scraps Emissions Target-setting Rules

By ESG Investor | 07/07/2023

NZIA members are no longer required to set or publish GHG emissions reduction targets.

ESG / Sustainability

SEBI Mandates Certification for ESG Raters

By Ranamita Chakraborty | 07/07/2023

ESG rating providers in India now need to establish an adequate framework to ensure transparency, prevent conflicts of interest and openly publish their rating methodology on their website.

ESG / Sustainability

Industry Consults on Code of Conduct for ESG Ratings

By Ranamita Chakraborty | 07/07/2023

The code incorporates recommendations from the International Organisation of Securities Commissions and sets out clear guidance for ESG data and rating providers.

Capital / Liquidity

FSB to Conduct “In-depth” Review of G-SIB Resolution Framework

By Manesh Samtani | 07/07/2023

FSB members also approved the high-level recommendations for crypto-assets and stablecoins, which will be submitted to the G20 for endorsement this month.

Capital / Liquidity

BCBS Proposes Revisions to Core Principles for Effective Banking Supervision

By Manesh Samtani | 06/07/2023

The amendments cover a wide range of topics, addressing climate, digitalisation, interest rate risk, cyber risk, counterparty credit risk, and bank culture.

ESG / Sustainability

Singapore’s SRAC Recommends ISSB-Aligned Climate Reporting

By Ranamita Chakraborty | 06/07/2023

Singapore’s sustainability reporting advisory committee studied ISSB’s exposure draft closely and consulted several stakeholders before making major climate reporting recommendations, chairperson Esther An told Regulation Asia.

AML / KYC

MAS Reports USD22.8 Billion Net Loss For FY2022/23

By Ranamita Chakraborty | 06/07/2023

MAS announced a net loss of SGD 30.8 billion (USD 22.8 billion), reflecting the effects of monetary policy tightening to bring down inflation.

ESG / Sustainability

Australia: New Report Calls into Question Credibility of Corporate Reporting

By Editors | 05/07/2023

The poor quality of disclosure suggests that directors are not taking their responsibility seriously, said Professor Peter Carey at Deakin University.