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Sustainability & ESG
Climate Risk
ESG Requirements Could Hinder EU Banks’ Competitiveness – Report
By Nithya Subramanian | 16/04/2024
The EBF’s Denisa Avermaete said ESG buffers are problematic because they are an “exclusively European tool”.
Sustainable Finance
Temasek, UBS, DBS Launch Philanthropy Matching Platform
By Editors | 15/04/2024
The “Co-Axis” platform connects funders such as family offices with early-stage businesses, charitable organisations, and blended finance projects.
AI Risk & Governance
IOSCO Establishes New Workstreams on AI, Tokenisation
By Manesh Samtani | 15/04/2024
New workstreams on green finance and credit default swaps will also be created, according to IOSCO’s updated work plan for 2024.
Climate Risk
SBTi Policy Decision Prompts Backlash from Staff, Advisers
By Manesh Samtani | 12/04/2024
SBTi announced its intention to allow the use of carbon credits to tackle Scope 3 emissions. Staff and technical advisers are demanding a reversal of the new policy.
Reporting & Disclosures
Taiwan to Require Firms to Incorporate ESG in Internal Control Systems
By Editors | 12/04/2024
Listed companies and securities and futures firms will have until January 2025 to adjust their internal control and audit systems.
Sustainable Finance
China Issues New Guidelines to Boost Green Development
By Editors | 11/04/2024
Authorities will introduce carbon accounting standards for FIs, expand the scope of entities that can trade the carbon market, and increase credit support for green projects.
Nature & Biodiversity
CIX Launches Nature-Based Carbon Removal Contracts
By Nithya Subramanian | 09/04/2024
Climate Impact X said the contracts are designed to give buyers confidence and certainty in the projects delivered.
Reporting & Disclosures
Citi, JP Morgan, RBC Agree to Disclose ‘Energy Supply Ratios’
By Nithya Subramanian | 09/04/2024
The three banks agreed to disclose their financing ratio of low-carbon energy to fossil fuels, the New York City Comptroller confirmed.
Emerging Prudential Risks
US Treasury and PBOC to Conduct Joint Financial Shock Exercises
By Manesh Samtani | 09/04/2024
The exercises will help establish lines of communication between US and Chinese regulators and identify areas of potential cross-border contagion and other risks.
Emerging Prudential Risks
FSC Korea Establishes “Future Response Finance Taskforce”
By Editors | 08/04/2024
The taskforce will work to address financial industry challenges associated with demographic changes, climate change, and technological advancements.
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