Climate Risk

KYC & CDD

Covid-19 Forced Companies to Short-cut KYC, Due Diligence

By Ranamita Chakraborty | 13/07/2021

A new Refinitiv report has found that Covid-19 substantially increased customer and third-party risks. Yet it also increased focus on ESG and green crime.

Climate Risk

International Organisations to Launch Climate Training Alliance

By Editors | 12/07/2021

The initiative will see the establishment of a dedicated online portal for global training on climate risks for central banks and supervisors.

Climate Risk

G20 Endorses Use of Carbon Pricing Mechanisms, Incentives

By Manesh Samtani | 12/07/2021

The use of carbon pricing mechanisms and incentives was included in the G20 communique among the set of tools to facilitate the transition to a more sustainable economy.

Emerging Prudential Risks

The Resilience Imperative: Succeeding in Uncertain Times

By Gabriele Vigo | 11/07/2021

Strengthening financial institutions’ resilience has never been more important, say Gabriele Vigo and Olivia White at McKinsey.

Climate Risk

FSB Urges Greater Coordination on Climate-related Risks

By Manesh Samtani | 07/07/2021

The interconnected nature of climate-related financial risks and the growing body of work to address them reinforce the need for coordinated action, the FSB says.

Sustainable Finance

JBA Chairman Warns Against Divesting From ‘Brown’ Companies

By Ranamita Chakraborty | 06/07/2021

JBA chairman Makoto Takashima says stopping funding for “brown” companies could choke off investment necessary to achieve carbon neutrality.

Reporting & Disclosures

CSRC Includes Carbon Emissions in Revised Disclosure Rules

By Editors | 02/07/2021

Listed companies are required to disclose carbon emissions and environmental impacts, and voluntarily disclose measures to reduce carbon emissions.

Reporting & Disclosures

UK, Singapore Commit to Deepening Regulatory Cooperation

By Editors | 01/07/2021

Officials agree to explore cross-border financial regulation, carbon market trading linkages, and collaboration opportunities via their BIS Innovation Hub centres.

Reporting & Disclosures

Investors Call for Mandatory Climate Disclosures in Australia

By Sanday Chongo Kabange | 01/07/2021

Paper outlines suggestions for mandatory climate risk disclosures to be introduced in Australia over the next four years.