ESG / SUSTAINABILITY

    ESG / Sustainability

    SFC Raises Supervisory Focus on Fund Manager Resilience

    By Manesh Samtani | 08/06/2021

    The SFC is on the lookout for funds with outsized and concentrated bets to prevent an Archegos-type event in Hong Kong.

    AML / KYC

    G7 Backs – but Looks Beyond – Mandatory Climate Disclosures

    By ESG Investor | 07/06/2021

    TCFD, IASB frameworks endorsed; communique also calls for progress on impact, nature-based and beneficial ownership reporting.

    ESG / Sustainability

    G7 Finance Ministers Agree on 15pc Global Minimum Tax Rate

    By Manesh Samtani | 07/06/2021

    The global minimum tax will end the race-to-the-bottom in corporate taxation and ensure fairness for the middle class and working people, Janet Yellen said.

    ESG / Sustainability

    BSP Outlines Expectations for Banks on Sustainable Finance

    By Sanday Chongo Kabange | 04/06/2021

    Banks must establish environmental and social risk management systems and disclose their sustainability initiatives in their annual reports.

    ESG / Sustainability

    Transparency & Data Needed to Fuel Green Equity Growth

    By ESG Investor | 03/06/2021

    The evolving asset class still presents risks due to differing definitions, transparency levels and data quality, according to panellists at an ASIFMA conference.

    Crypto / Digital Assets

    Bursa Malaysia Concludes Blockchain Bond POC with STACS

    By Sanday Chongo Kabange | 03/06/2021

    The collaborative efforts from the PoC have established a new ‘Bond in a Box’ operating model that shows commercial potentials, the project report says.

    ESG / Sustainability

    FINMA to Require Banks, Insurers to Disclose Climate Risks

    By Editors | 02/06/2021

    New disclosure rules will enter into force on 1 July, requiring large banks and insurers to disclose climate-related financial risks.

    AML / KYC

    Addressing Sanctions Risk in Maritime Trade

    By Manesh Samtani | 02/06/2021

    Banks facilitating transactions involving maritime trade must put in place systems and processes to detect illicit activity that could result in a breach of sanctions regulations.

    ESG / Sustainability

    G7 to Agree Global Corporate Tax at July Meeting – Report

    By Editors | 31/05/2021

    A G7 draft communique said a global minimum corporate tax will be agreed to help alleviate the strain on public finances.

    ESG / Sustainability

    APRA Invites Tenders to Help Model Physical Climate Risk

    By Editors | 31/05/2021

    APRA is seeking physical climate risk modelling capabilities to support the delivery of climate scenario analysis data to banks participating in the CVA project.

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