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Market Infrastructure
Singapore Reviewing Carbon Price Trajectory, says MAS Chief
By Ranamita Chakraborty | 21/07/2021
The government is reviewing its targets for the price of carbon to ensure it helps Singapore meet its climate commitments.
ESG / Sustainability
HKMA Issues Draft Guideline for Banks on Climate Risk Management
By Manesh Samtani | 21/07/2021
The guideline includes expectations on governance, strategy, risk management and disclosure. The HKMA plans to allow a 12-month period for implementation.
Market Infrastructure
Australia Issues Consultation on Financial Accountability Regime
By Sanday Chongo Kabange | 20/07/2021
The FAR will not impose civil penalty liability on accountable persons, a shift from the government’s position in a January 2020 consultation.
AML / KYC
US Government Warns Of Rising Business Risk in Hong Kong
By Editors | 18/07/2021
A business advisory from four US government agencies says US firms should be aware of the risks they face if they continue operating in Hong Kong.
Market Infrastructure
CFTC Set to Formally Adopt of ‘SOFR First’ Initiative
By Editors | 18/07/2021
SOFR First has four phases, starting with the adoption of SOFR instead of LIBOR as the default rate for USD linear swaps from 26 July 2021.
Capital / Liquidity
WWF Calls for Supervisory Action to Address Biodiversity Loss
By Manesh Samtani | 17/07/2021
Capital requirements should be enhanced when institutions are exposed to sectors detrimental to the environment, says a new WWF report.
Market Infrastructure
China Commences Trading on Newly Launched Carbon Market
By Sanday Chongo Kabange | 17/07/2021
Trading commenced on the Shanghai Environment and Energy Exchange on Friday, covering emissions from over 2000 power companies.
Capital / Liquidity
Climate Stress Tests Will Inform Supervisory Discussions
By Manesh Samtani | 17/07/2021
Climate stress test exercises will likely become the basis of supervisory discussions regarding bank business models, internal governance and risk management.
Securities / Derivatives
Exchanges Demonstrate Leadership in Sustainability Matters: WFE
By Editors | 17/07/2021
An annual WFE survey shows that ESG is increasingly becoming an integral part of exchanges’ strategies and ethos.
Market Infrastructure
Axis Bank Announces First Derivative Transaction Linked to SOFR
By Ranamita Chakraborty | 17/07/2021
SOFR is expected to be the most widely accepted benchmark rate used to replace LIBOR and MIFOR in India.
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