Malaysia's central bank will use the reported data to set new regulatory standards that better reflect the risks from climate-related exposures.
The WFE and SSE will collaborate to enhance ESG disclosure at stock exchanges. They have also jointly published a blueprint for embedding sustainability in stock exchange operations.
Banks need to act now to minimise future climate-related costs and the impact on their creditworthiness, says a new report from S&P Global Ratings.
The new ASEAN hub will generate valuable know-how for ESG reporting and sustainable finance, and contribute to Singapore's development as a financial centre, says SGX CEO Tan Boon Gin.
The BOT, Thai Bankers’ Association and 15 banks have taken steps to establish common policies to ensure socially-conscious loan approvals based on ESG factors.
The new guidance describes climate change as a "systemic risk that could have a material impact on the future financial position, performance or prospects of entities".
The HKIFA is advocating for fund documents to only be delivered to investors digitally by default, increased use of cloud for record keeping, and greater alignment with international standards.
Most financial institutions say coordination among regulators is not sufficient to effectively promote sustainable finance globally, according to a GFMA survey.
The framework will comprise guiding principles and possible metrics for the greenness assessments, drawing from industry feedback and the HKMA's participation in the NGFS.
Authorities in Singapore and the UK have agreed to enhance cooperation in cyber security, data connectivity, talent development and green finance.
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