Climate Risk

Reporting & Disclosures

ISSB to Absorb TCFD Monitoring Responsibilities from 2024

By ESG Investor | 13/07/2023

The ISSB welcomes the FSB’s request to transfer the TCFD’s monitoring responsibilities to the ISSB from 2024.

Climate Risk

Majority of SGX-Listed Firms Embrace Climate Reporting Initiatives

By Editors | 13/07/2023

New report shows two-thirds of SGX listed companies have embarked on climate reporting initiatives.

Climate Risk

ISDA Releases Climate Risk Assessment Framework for Trading Book

By Jill Wong | 13/07/2023

ISDA’s new framework extends the application of climate risk analysis which has so far been focused on the banking book to the trading book.

Reporting & Disclosures

New Zealand Seeks to Extend Climate Disclosure Deadlines

By Ranamita Chakraborty | 11/07/2023

If approved, the exemption would waive the requirement for climate reporting entities to include their climate statements in their annual reports, and instead file them separately within four months of their balance date.

Reporting & Disclosures

NZIA an “Empty Shell” as it Scraps Emissions Target-setting Rules

By ESG Investor | 07/07/2023

NZIA members are no longer required to set or publish GHG emissions reduction targets.

Sustainable Finance

Singapore Revises Tax Incentives for SFOs

By Ranamita Chakraborty | 07/07/2023

The Monetary Authority of Singapore is looking to encourage single family offices (SFOs) to “deploy their capital more purposefully to benefit Singapore and the region”.

Resolution & Recovery

FSB to Conduct “In-depth” Review of G-SIB Resolution Framework

By Manesh Samtani | 07/07/2023

FSB members also approved the high-level recommendations for crypto-assets and stablecoins, which will be submitted to the G20 for endorsement this month.

Reporting & Disclosures

Singapore’s SRAC Recommends ISSB-Aligned Climate Reporting

By Ranamita Chakraborty | 06/07/2023

Singapore’s sustainability reporting advisory committee studied ISSB’s exposure draft closely and consulted several stakeholders before making major climate reporting recommendations, chairperson Esther An told Regulation Asia.

Capital Adequacy

MAS Reports USD22.8 Billion Net Loss For FY2022/23

By Ranamita Chakraborty | 06/07/2023

MAS announced a net loss of SGD 30.8 billion (USD 22.8 billion), reflecting the effects of monetary policy tightening to bring down inflation.