ESG / SUSTAINABILITY

ESG / Sustainability

A Detailed Look at MAS’ Environmental Risk Management Guidelines

By Grace Chong | 29/06/2020

Grace Chong at global law firm Simmons & Simmons JWS analyses the key points of MAS’ proposed Guidelines on Environmental Risk Management, and sets out the key practical steps to be taken.

ESG / Sustainability

MAS Consults on Environmental Risk Management Guidelines for FIs

By Manesh Samtani | 25/06/2020

The guidelines set out MAS’ supervisory expectations for banks, insurers and asset managers in their governance, risk management, and disclosure of environmental risk.

ESG / Sustainability

NGFS Publishes Scenarios for Climate Risk Assessments

By Editors | 25/06/2020

The publications on reference scenarios and monetary policy will allow NGFS members and the FIs they supervise to better identify, quantify and mitigate climate risks in the financial system.

ESG / Sustainability

HKMA Publishes Banking Sector Talent Gap Findings

By Editors | 18/06/2020

Key skill gaps in the banking workforce were identified in areas relating to technology and data, cybersecurity, core banking knowledge, regulation and compliance, and climate risk management.

Market Infrastructure

HKEX to Launch Sustainable Finance Information Platform, ‘STAGE’

By Manesh Samtani | 18/06/2020

Initially, ‘STAGE’ will host information on the 44 green bonds and two ESG-related ETFs listed in Hong Kong. Over time, it could expand to include equities, overseas products, and derivatives.

AML / KYC

Green Crime: A Global Challenge Requiring a Global Response

By Editors | 17/06/2020

A coherent global response and unifying standards are needed to tackle illegal wildlife trade and environmental crime. Financial institutions have a crucial role to play.

Securities / Derivatives

ICMA Releases Guidance for Issuers of Sustainability-Linked Bonds

By Editors | 10/06/2020

Sustainability-linked bonds are performance-based bond instruments where the issuer is committing to future improvements in sustainability outcomes within a predefined timeline.

Securities / Derivatives

Regulatory Change a Challenge for Hong Kong Fund Managers

By Editors | 10/06/2020

Overregulation is an issue for some fund managers in Hong Kong, but the industry is also calling for greater regulatory clarity around GBA initiatives and ESG standards, according to a KPMG-HKIFA survey report.

ESG / Sustainability

KRX to Waive Fees for Issuers of ESG Bonds – Report

By Editors | 04/06/2020

KRX will also launch a centralised platform where investors can obtain the investment information and disclosures of each bond, as it seeks to bolster ESG bond markets.