Climate Risk

Capital Adequacy

FSB to Develop and Run Global Bank Stress Test

By Manesh Samtani | 31/03/2023

The FSB’s work programme for 2023 includes plans to develop and run a global bank stress test in cooperation with the BCBS.

Sustainable Finance

UK Aims to End Uncertainty on Fiduciary Duty

By ESG Investor | 30/03/2023

Green Finance Strategy outlines the government’s plans to align the finance sector with its net zero commitments.

Climate Risk

RBNZ Proposes New Guidance on Managing Climate Risk

By Editors | 29/03/2023

The guidance proposes that regulated entities develop their capabilities in climate-related scenario analysis and stress testing, outlining the RBNZ’s latest thinking on best practice.

Nature & Biodiversity

TNFD Looks to Balance Comparability and Flexibility

By ESG Investor | 28/03/2023

V.04 of the nature risks and disclosure framework takes a streamlined approach to metrics through introduction of leading indicators.

Climate Risk

Bank Exposures to Flood Risk Likely Compounded by Other Risks: RBNZ

By Editors | 27/03/2023

Bank capital ratios are resilient when each flood event is considered in isolation, but flood risk could potentially compound with other risks.

Capital Adequacy

BCBS to Assess Financial Stability Risks of Higher Interest Rates

By Editors | 23/03/2023

The BCBS will also consult on revisions to its Core principles for effective banking supervision and on a Pillar 3 disclosure framework for climate-related financial risks.

Climate Risk

IASB to Explore How Financial Statements Could Better Reflect Climate Risks

By Editors | 23/03/2023

The IASB will ensure any proposals work well with the IFRS Sustainability Disclosure Standards due to be issued by the end of Q2 2023.

Sustainable Finance

IIGCC Issues Final Net Zero Infrastructure Guidance

By ESG Investor | 23/03/2023

The IIGCC guidance allows investors to assess alignment based on six criteria, including whether targets cover all scopes of emissions.

Reporting & Disclosures

Biden Blocks Anti-ESG Bill; Texas to Divest from HSBC

By Editors | 23/03/2023

HSBC was added to a list that will requires state governmental entities in Texas to divest from all of the bank’s publicly traded securities within 360 days.