MARKET INFRASTRUCTURE

Market Infrastructure

China, EU Publish Common Sustainable Finance Taxonomy

By Manesh Samtani | 05/11/2021

The PBOC says the common taxonomy will help promote China-EU green investment and financing cooperation and cross-border activities, while reducing the cost of green certification.

ESG / Sustainability

Bank Compensation Practices More Advanced Than Other FIs: FSB

By Editors | 05/11/2021

The use of balanced scorecards based on KPIs in determining compensation is “critical” to promoting a sound risk culture in a firm, the FSB says.

Market Infrastructure

China Further Tightens Rules on Cross-border Data Transfers

By Editors | 05/11/2021

Government reviews will be mandatory if data exporters handle personal data of more than 1 million residents, or the “sensitive” personal data of more than 10,000 people.

Market Infrastructure

New Alliances Target Energy Infrastructure, Lower Emissions

By Mark Johnston | 05/11/2021

The GEAPP has committed $100bn to clean energy infrastructure. ADB announced a plan to finance early closures of coal plants in Indonesia and the Philippines.

ESG / Sustainability

NGFS Members Reaffirm Commitment to Climate Action

By Editors | 05/11/2021

The “NGFS Glasgow Declaration” pledges central banks and supervisors to continue fostering action on climate change and greening the financial system.

ESG / Sustainability

Tokyo Revises Global City Vision, Pivots To Green Finance

By Mark Johnston | 04/11/2021

Tokyo has launched version 2.0 of its global financial city ambitions, with green financing and fintech becoming central pillars of its revised strategy.

ESG / Sustainability

Pace of Change Open to Question on COP26 Finance Day

By ESG Investor | 04/11/2021

Finance sector commitments are strongly in evidence, but NGOs and asset owners call for increased fossil fuel focus.

Market Infrastructure

DSB Seeks Feedback on Legal Framework for UPI Service

By Editors | 04/11/2021

The Derivatives Service Bureau proposes to use a single overarching legal agreement for users subscribing to OTC ISIN and UPI Services.

ESG / Sustainability

ISSB Offers “Baseline” for Global Sustainability Reporting

By ESG Investor | 04/11/2021

The IFRS Foundation has officially launched its International Sustainability Standards Board and plans to issue a new climate disclosure standard next year.