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Reporting on regulatory responses, risk management practices, and financial impacts of climate-related risks, including physical and transitional risks.
Capital Adequacy
Preparatory Work to Implement Basel III is Progressing: HKMA
By Editors | 01/02/2022
The HKMA will submit legislative amendments in early 2023 to implement the Basel III final reforms, which will take effect from 1 July 2023.
Reporting & Disclosures
MAS to Issue New Anti-Greenwashing Rules for ESG Funds
By Manesh Samtani | 31/01/2022
Greenwashing poses a “real and present danger” to industry efforts to advance sustainability considerations in their investment processes.
Reporting & Disclosures
EBA Finalises Pillar 3 Disclosure Rules for ESG Risks
By Sanday Chongo Kabange | 28/01/2022
Once approved by the European Commission, EU banks will have to start making ESG disclosures in 2023, with full phase-in by June 2024.
Operational Risk
BSP Implementing “RING” Approach to Protect Financial System
By Editors | 27/01/2022
“RING” stands for Risk management guidelines, Integrity, New technologies, and Governance standards, said BSP governor Benjamin Diokno
CBDCs
BIS Innovation Hub to Expand Work Programme in 2022
By Editors | 25/01/2022
The BIS Innovation Hub will launch new projects into CBDCs, payments systems, DeFi, green finance, regtech, suptech and cybersecurity.
Sustainable Finance
BNM to Open New Funding Facilities to Support SMEs
By Mark Johnston | 24/01/2022
The Business Recapitalisation Facility will support recovery and growth, while the Low Carbon Transition Facility will support the adoption of sustainable practices.
Credit Risk
IMF Commends Hong Kong Efforts to Safeguard Stability
By Manesh Samtani | 23/01/2022
Hong Kong banks’ exposures to the mainland property market warrant continued close monitoring and periodic stress testing.
Sustainable Finance
Bangladesh Bank Issues New CSR Guideline for Banks
By Sanday Chongo Kabange | 21/01/2022
Banks and FIs should spend at 20 percent of their CSR funds on the environment and climate change mitigation and adaptation, up from 10 percent previously.
Sustainable Finance
Deutsche Börse, GFEX to Cooperate on Carbon Market Development
By Editors | 19/01/2022
Deutsche Börsem, including European Energy Exchange, will explore opportunities to cooperate with and Guangzhou Futures Exchange to develop green finance products and services.
Reporting & Disclosures
PRI Warns Sovereign Debt Investors on Human Rights
By ESG Investor | 18/01/2022
UN body encourages engagement, due diligence; World Bank outlines sustainability bonds framework.
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