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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.
ESG / Sustainability
PASLA, RMA Issue New Guidance on ESG-based Securities Lending
By ESG Investor | 30/05/2021
The guidance offers best practice to help institutional investors ensure compatibility of their ESG principles with securities lending activities.
Big Picture
NGFS Publishes Preliminary Findings on Climate-related Data Gaps
By Editors | 26/05/2021
The availability of reliable climate-related data requires swift progress on disclosures, global taxonomy, and transparent and quality-assured metrics, the NGFS says.
ESG / Sustainability
BOE Explores Options for Greening Bond Purchase Programme
By Sanday Chongo Kabange | 26/05/2021
The BOE is exploring tools to incentivise companies whose debt it holds to take decisive action to achieve net zero in meaningful and lasting ways.
ESG / Sustainability
IAIS Offers Supervisory Guidance on Climate Risk in Insurance Sector
By Editors | 25/05/2021
New paper sets out recommendations to promote a globally consistent approach to the supervision of climate-related risks in the insurance sector.
ESG / Sustainability
FSC Korea Advances Initiatives to Respond to Climate Risk
By Manesh Samtani | 25/05/2021
The FSC has officially declared support for the TCFD, applied for NGFS membership, and launched a new consultative body with state-backed FIs on green finance.
ESG / Sustainability
EBA Publishes Results of Pilot Exercise on Climate Risk
By Sanday Chongo Kabange | 25/05/2021
The first gauge of the EU aggregated green asset ratio was estimated at 7.9%. Over half of banks’ overall exposures are to sectors that might be sensitive to transition risk.
ESG / Sustainability
Biden Directs US Federal Agencies to Take Action on Climate
By Editors | 25/05/2021
Under an executive order, a comprehensive government-wide strategy on climate-related financial risk shall be developed within 120 days.
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