ESG / SUSTAINABILITY

Market Infrastructure

SBTi to Define Net Zero Standard for Financial Institutions

By Editors | 16/11/2021

SBTi identifies three approaches to net-zero definitions for FIs. It plans to define a standard for FIs to use in target-setting and performance-tracking.

Capital / Liquidity

BCBS Consults on Principles for Banks’ Management of Climate Risks

By Editors | 16/11/2021

The principles offer guidance for banks on corporate governance, internal control frameworks, risk management, risk reporting, and scenario analysis, among other areas.

ESG / Sustainability

CBIRC Identifies Corporate Governance Deficiencies at Banks, Insurers

By Darien Choong | 16/11/2021

The CBIRC identified issues with shareholder behaviour, related party transactions, risk management systems, and internal audit, among other areas.

ESG / Sustainability

SRI Taxonomy a ‘Critical Building Block’ for Malaysia Capital Market

By Manesh Samtani | 15/11/2021

Malaysia’s Securities Commission is on track to publish a draft SRI taxonomy for consultation by the end of the year.

ESG / Sustainability

COP26 Deal to Pave Way for Carbon Markets Growth

By ESG Investor | 15/11/2021

Agreement on Paris rules in Glasgow expected to stimulate investment flows, while wider deal seen as key, if limited, step on path to low-carbon transition.

Securities / Derivatives

Taiwan FSC Directs Fund Managers to Review Arms-related Exposure

By Darien Choong | 10/11/2021

Fund managers are asked to review their offshore funds, including funds sold in China, and disclose exposures to weapons-related industries.

Capital / Liquidity

BCBS Offers Progress Update on Climate, Cryptoasset Work

By Editors | 09/11/2021

The BCBS will issue a consultation this month on the effective management and supervision of climate-related financial risks at internationally active banks.

Fintech / Regtech

Project Greenprint: MAS Unveils Plans to Boost Green Finance

By Darien Choong | 09/11/2021

To support the green finance ecosystem, MAS and the industry will together develop four interoperable platforms under Project Greenprint.

ESG / Sustainability

Japan FSA Reaffirms Commitment to Sustainable Finance Strategy

By Sanday Chongo Kabange | 09/11/2021

The strategy highlights efforts to enhance disclosures, develop green bond markets, and ensure FIs manage climate risk and support borrowers.