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Big Picture
NGFS Publishes Preliminary Findings on Climate-related Data Gaps
By Editors | 26/05/2021
The availability of reliable climate-related data requires swift progress on disclosures, global taxonomy, and transparent and quality-assured metrics, the NGFS says.
ESG / Sustainability
BOE Explores Options for Greening Bond Purchase Programme
By Sanday Chongo Kabange | 26/05/2021
The BOE is exploring tools to incentivise companies whose debt it holds to take decisive action to achieve net zero in meaningful and lasting ways.
ESG / Sustainability
IAIS Offers Supervisory Guidance on Climate Risk in Insurance Sector
By Editors | 25/05/2021
New paper sets out recommendations to promote a globally consistent approach to the supervision of climate-related risks in the insurance sector.
Market Infrastructure
IOSCO Explores Conduct Risks in Leveraged Loan, CLO Markets
By Editors | 25/05/2021
IOSCO is looking to understand potential conflicts of interest and misaligned incentives that may exist among participants in the leverage loan and CLO markets.
Market Infrastructure
EU Ramps Up Regulatory Scrutiny Over Foreign Bank Branches
By Editors | 25/05/2021
New rules will require foreign banks operating in the EU to consolidate their operations under an “intermediate parent undertaking”.
ESG / Sustainability
FSC Korea Advances Initiatives to Respond to Climate Risk
By Manesh Samtani | 25/05/2021
The FSC has officially declared support for the TCFD, applied for NGFS membership, and launched a new consultative body with state-backed FIs on green finance.
Market Infrastructure
China CIPS Expands to Include Corporate Participants
By Editors | 25/05/2021
The first batch of non-banks have joined CIPS. Officials say the network covers nearly 200 countries and over 3400 banks.
Market Infrastructure
ASIC Proposes Updates to Modernise ePayments Code
By Sanday Chongo Kabange | 25/05/2021
ASIC proposes to add flexibility to the code to allow it to tailor data requests based on priorities and issues of concern.
ESG / Sustainability
EBA Publishes Results of Pilot Exercise on Climate Risk
By Sanday Chongo Kabange | 25/05/2021
The first gauge of the EU aggregated green asset ratio was estimated at 7.9%. Over half of banks’ overall exposures are to sectors that might be sensitive to transition risk.
ESG / Sustainability
Biden Directs US Federal Agencies to Take Action on Climate
By Editors | 25/05/2021
Under an executive order, a comprehensive government-wide strategy on climate-related financial risk shall be developed within 120 days.
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