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Reporting on regulatory responses, risk management practices, and financial impacts of climate-related risks, including physical and transitional risks.
Emerging Prudential Risks
FSB Updates G20 on Covid-19, Climate, Crypto Work
By Editors | 13/07/2022
Accompanying the letter to the G20 is a report on exit strategies to address COVID-19 scarring in the financial sector, and a statement on crypto-asset regulation.
Reporting & Disclosures
Bangladesh Infrastructure Loans to Require E&S Assessments
By Editors | 11/07/2022
Environmental and social impact assessments will have to be arranged by borrowers and submitted with their loan applications.
Climate Risk
ECB Climate Stress Test Finds Bank Practices Lacking
By Editors | 11/07/2022
60% of banks don’t have a climate risk stress testing framework. Only 20% of banks consider climate risk when granting loans.
KYC & CDD
Taiwan to Streamline Identity Checks for Cross-border Remittances
By Darien Choong | 10/07/2022
The customer identity verification process for regular and reasonable cross border remittances can be further streamlined, the FSC said.
ESG Data
NGFS Issues Final Report on Bridging Climate-related Data Gaps
By Sanday Chongo Kabange | 08/07/2022
The largest gaps are for biophysical impact, emissions and geospatial data types, which affect use cases such as investment and lending decisions and exposure quantification.
Structural Regulation
Alder to Leave SFC to Take Up Role as FCA Chair
By Editors | 08/07/2022
Ashley Alder became the SFC’s CEO in October 2011. His new appointment as chair of the UK FCA will start in January 2023.
Sustainable Finance
HKEX Announces New Collaboration to Develop Carbon Market
By Manesh Samtani | 06/07/2022
HSBC, Standard Chartered, BNP Paribas, ANZ, ICBC, Bank of China and others will sit on a new council to help develop a Hong Kong-based international carbon market.
Climate Risk
ECB Makes “Groundbreaking” Shift on Climate
By ESG Investor | 05/07/2022
The ECB will introduce gradual limits on the use of bonds issued by companies with high carbon footprints.
Sustainable Finance
China Approves Launch of First Carbon Neutral ETFs
By Editors | 04/07/2022
Shanghai Environment Energy Exchange approved 8 carbon neutral ETFs, and NAFMII recently launched China’s first batch of interbank transition bonds.
Climate Risk
BNM Calls on FIs to Start Preparing for 2024 Climate Stress Tests
By Editors | 03/07/2022
BNM has proposed a framework for the 2024 CRST exercise to assess the resilience of Malaysian FIs to physical and transition risks arising from various climate scenarios.
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