Climate Risk

Climate Risk

BOJ to Assess Market Functioning in Relation to Climate

By Editors | 14/12/2021

The BOJ will gather stakeholder views on how climate-related risks and opportunities are reflected in stock and bond prices and how to develop the ESG bond market.

Sustainable Finance

Bangko Sentral’s ‘Deliberate Approach’ to Sustainable Finance

By Mark Johnston | 14/12/2021

Deputy governor Chuchi Fonacier explains the BSP’s policy approach to sustainability, highlighting the central bank’s role as an ‘enabler’, ‘mobiliser’ and ‘doer’.

Climate Risk

Malaysia to Introduce Mandatory TCFD-aligned Disclosures for FIs

By Editors | 13/12/2021

Guidance on climate risk management, scenario analysis and disclosures will be issued for consultation. Specialised training will be introduced in 2022.

CBDCs

PBOC Reiterates Commitment to Hong Kong Financial Centre

By Sanday Chongo Kabange | 13/12/2021

Key areas of collaboration to enhance Hong Kong’s roles as an international financial centre include CBDC, regtech, green finance development.

Anti-Money Laundering

PwC Awarded Consulting Firm of the Year

By Editors | 10/12/2021

PwC was recognised for its work in four core areas – risk and regulatory reporting, financial risk management, financial crime compliance and risk mitigation, and cyber and forensics.

Structural Regulation

Bursa Malaysia Awarded ‘Exchange of the Year’

By Editors | 10/12/2021

Bursa Malaysia was recognised for its robust pandemic response, sustainability and ESG work, climate action leadership, and market access initiatives.

Climate Risk

Korea to Conduct First Climate Stress Test in Financial Sector in 2022

By Editors | 09/12/2021

The FSS has introduced a guideline on the management of climate risks in the financial sector.  Meanwhile, a green finance handbook will be finalised for publication next year.

Climate Risk

HKMA Shares ‘Sound Practices’ in Bank Climate Strategies

By Manesh Samtani | 09/12/2021

Banks are “strongly encouraged” to enhance their green and sustainability programmes to encompass climate risk management and the sound practices.

Cybersecurity

Cyber Risk Seen as Top Threat to Financial Markets: DTCC

By Editors | 08/12/2021

Cyber risk, pandemic, and geopolitical risk cited as the top threats to financial markets, but climate change and inflation are gaining pace.