ESG / SUSTAINABILITY

ESG / Sustainability

IIF Publishes Guidance for Scenario-based Climate Risk Measurement

By Ranamita Chakraborty | 22/07/2021

The IIF has developed a set of reference approaches to be used by supervisors and banks as blueprints when designing their SCRM approaches.

ESG / Sustainability

HKMA Issues Draft Guideline for Banks on Climate Risk Management

By Manesh Samtani | 21/07/2021

The guideline includes expectations on governance, strategy, risk management and disclosure. The HKMA plans to allow a 12-month period for implementation.

Capital / Liquidity

WWF Calls for Supervisory Action to Address Biodiversity Loss

By Manesh Samtani | 17/07/2021

Capital requirements should be enhanced when institutions are exposed to sectors detrimental to the environment, says a new WWF report.

Capital / Liquidity

Climate Stress Tests Will Inform Supervisory Discussions

By Manesh Samtani | 17/07/2021

Climate stress test exercises will likely become the basis of supervisory discussions regarding bank business models, internal governance and risk management.

Securities / Derivatives

Exchanges Demonstrate Leadership in Sustainability Matters: WFE

By Editors | 17/07/2021

An annual WFE survey shows that ESG is increasingly becoming an integral part of exchanges’ strategies and ethos.

ESG / Sustainability

SGX Pledges to Reduce Emissions, Support Steel Decarbonisation

By Ranamita Chakraborty | 16/07/2021

As part of efforts to help the commodities ecosystem progress to a more sustainable future, SGX plans to introduce greener contracts in scrap and battery metals next year.

ESG / Sustainability

Hong Kong Launches Centre for Green and Sustainable Finance

By Manesh Samtani | 15/07/2021

The Centre will serve as a cross-sector platform to coordinate the transition efforts and serve as a repository for resources, data and analytics.

AML / KYC

Covid-19 Forced Companies to Short-cut KYC, Due Diligence

By Ranamita Chakraborty | 13/07/2021

A new Refinitiv report has found that Covid-19 substantially increased customer and third-party risks. Yet it also increased focus on ESG and green crime.

ESG / Sustainability

International Organisations to Launch Climate Training Alliance

By Editors | 12/07/2021

The initiative will see the establishment of a dedicated online portal for global training on climate risks for central banks and supervisors.