Sustainability & ESG

Operational Risk

CROs in Asia-Pacific Concerned About Operational Resilience: Survey

By Nithya Subramanian | 28/02/2024

The latest findings by EY and IIF revealed that bank CROs are most worried about technology risk, a key driver of operational disruptions.

Climate Risk

HKMA to Roll Out Physical Risk Assessment Platform “Soon”

By Manesh Samtani | 28/02/2024

The cloud-based platform will enable banks to assess physical risk for specific property exposures over different time horizons and climate scenarios.

Sustainable Finance

Hong Kong to Develop Transition Finance Framework: HKMA

By Sanday Chongo Kabange | 27/02/2024

HKMA’s Darryl Chan said the  Green and Sustainable Finance Cross-Agency Steering Group will start work on a transition taxonomy this year.

Cloud & Infrastructure

Singapore FinTech Association Drives FinTech Expansion to Malaysia

By Ranamita Chakraborty | 27/02/2024

Under the new Project Tapir, Singapore Fintech companies will be supported by Malaysian venture capital firms in their expansion efforts.

Reporting & Disclosures

Taiwan FSC Proposes Rule Changes to Improve Insurers’ ESG Disclosures

By Mark Johnston | 27/02/2024

Insurers will have until 1 January 2025 to establish internal control systems for the management and disclosure of sustainable information.

Emerging Prudential Risks

FSB Warns of ‘Challenging Outlook’ for Global Financial Stability

By Manesh Samtani | 27/02/2024

The FSB is analysing the financial stability implications of tokenisation and AI, and taking stock of regulatory initiatives on nature-related financial risks.

Cloud & Infrastructure

FSDF Top-up Will Help Anchor Singapore Financial Services Capabilities

By Mark Johnston | 25/02/2024

MAS will use the S$2bn top-up to support talent development initiatives, innovation in financial services, and infrastructure projects.

Reporting & Disclosures

ISSB Works to Finalise Jurisdictional Adoption Guide

By ESG Investor | 25/02/2024

The ISSB’s Inaugural Jurisdictional Guide should be finalised by mid-year, with the core objective of reducing fragmentation.

Sustainable Finance

BSP Approves Adoption of Sustainable Finance Taxonomy for Banks

By Mark Johnston | 23/02/2024

The first version of the taxonomy focuses on climate change mitigation and climate change adaptation. Future iterations will cover biodiversity and circular economy.