MARKET INFRASTRUCTURE

ESG / Sustainability

TNFD Framework to Build Capacity for Nature-Related Data

By ESG Investor | 08/06/2021

Like the TCFD, the TNFD reporting framework is expected to be incorporated into disclosure standards and written into national law by governments.

Market Infrastructure

Standard-Setters Launch Plan to Improve Global Audit Quality

By Editors | 07/06/2021

Implementation of the plan will take three years and result in overall improvements to the international audit-related standard-setting system.

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.

Market Infrastructure

Japan to Remove Firewall Between Banking, Securities Operations

By Editors | 04/06/2021

The FSA is reportedly working on rule changes that would allow banks and securities firms within the same group to share customer data.

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.

Crypto / Digital Assets

MAS Issues Guidance on Managing Risks of Cloud Services

By Editors | 04/06/2021

In a new advisory, MAS highlights the key risks and control measures FIs should consider before adopting public cloud services.

Market Infrastructure

Singapore Seeks to Enhance VCC Fund Structure

By Manesh Samtani | 04/06/2021

The enhancements will expand the types of investors that can use the VCC and ease conversion and redomiciliation processes.

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.