ESG / SUSTAINABILITY

ESG / Sustainability

Inconsistent Data Hindering Quantification of Climate Risks: FSB

By Manesh Samtani | 22/07/2020

Multiple layers of uncertainty on the course of climate change give rise to a lack of consistent data and methodologies for translating potential outcomes into financial exposure estimates.

AML / KYC

Sustainable Supply Chains and the Role Banks Play

By Editors | 14/07/2020

Incoming rules from the EU, UK, Singapore and Hong Kong highlight the need for banks to gain a better understanding of the third party and supply chain risks their customers face.

ESG / Sustainability

FSDC Proposes Measures to Advance Hong Kong as ESG Hub

By Editors | 14/07/2020

Hong Kong needs a more coordinated policy environment and an ESG policy roadmap, to provide greater certainty and foster confidence for institutional investors, the FSDC says.

ESG / Sustainability

HKMA Offers Guidance for Banks on Climate Risk Practices

By Manesh Samtani | 08/07/2020

The HKMA has published its observations on the approaches used by major banks to manage climate risk, as guidance for the banking sector as a whole.

Capital / Liquidity

BOE Sets Deadline for UK Firms to Embed Climate Risk

By Editors | 07/07/2020

By end-2021, financial firms will have to be able to demonstrate that their approaches to managing climate-related financial risk have been implemented and embedded in their organisations.

ESG / Sustainability

HKMA Sets Out Principles for Supervisory Approach on Climate

By Manesh Samtani | 01/07/2020

The HKMA expects the results of the industry greenness self-assessments in August 2020, which will inform its supervisory expectations ahead of a consultation next year.

ESG / Sustainability

The Increasingly Important Role of Stock Exchanges in Social Contracts

By Adam Wielowieyski | 30/06/2020

The automation of markets enables a wider movement towards valuing companies on their moral contributions to society as much as their ability to maximise profitability, says HKEX’s Adam Wielowieyski.

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.