Climate Risk

Climate Risk

HKMA Launches ‘Greenness’ Assessment Framework

By Editors | 13/05/2020

Around 50 AIs will initially be expected to complete the assessment for end-2019 within 12 weeks. Other AIs are encouraged to reflect on their readiness to address climate and environmental risks.

Sustainable Finance

HK Regulators Establish Green and Sustainable Finance Steering Group

By Editors | 05/05/2020

Initiated by the HKMA and SFC, the Steering Group will coordinate across other agencies and sectors to position Hong Kong as a global leader in green and sustainable finance.

Climate Risk

BCBS Members Advancing Work on Climate-related Financial Risk

By Editors | 30/04/2020

An “overwhelmingly large share” of BCBS members have conducted research related to the measurement of climate-related financial risks.

Reporting & Disclosures

FCA Proposes ‘Comply or Explain’ Approach to Climate Disclosures

By Editors | 08/03/2020

The FCA proposes to require companies with a UK premium listing to either make climate-related disclosures consistent with the TCFD recommendations, or explain their non-compliance.

Sustainable Finance

IIF Calls for Global Alignment of Sustainability Efforts

By Editors | 06/03/2020

The IIF paper says fragmentation around climate risk assessment has emerged in the areas of prudential regulation and supervision, market and conduct regulation, taxonomy and disclosure.

Emerging Prudential Risks

BIS Seeks Integration of Climate Risk in Prudential Framework

By Manesh Samtani | 01/03/2020

At a recent BIS meeting, participants discussed how existing risk management requirements for banks and insurers could be adjusted to capture climate risk exposures.

Climate Risk

APRA to Develop Climate Risk Guidance, Assess ADI Vulnerability

By Editors | 25/02/2020

APRA will develop guidance on climate change financial risk, conduct a vulnerability assessment of ADIs, and include ESG in superannuation investment governance guidance.

Conduct, Culture & Accountability

TWSE Amends Listed Company Guidelines to Enhance Governance, CSR

By Editors | 18/02/2020

The amendments include stock trading controls to prevent insider trading, ethical management units at listed companies, and disclosures of governance practices for managing climate risk.

Climate Risk

FSAP Stress Tests to Prioritise Climate Risk Assessments: IMF

By Manesh Samtani | 08/02/2020

The IMF is adding climate-related factors to its existing stress-testing methodology to help government and private-sector leaders prepare for potential financial shocks.