Sustainability & ESG

Reporting & Disclosures

European Regulators Slammed for Approach to Greenwashing Probe

By ESG Investor | 31/01/2023

A lack of engagement with key stakeholders and timing of greenwashing investigation among criticisms levelled at European Supervisory Authorities.

Credit Risk

FSC Korea Unveils 12 Policy Initiatives in 2023 Work Plan

By Manesh Samtani | 31/01/2023

The initiatives seek to mitigate risks related to financial stability, insolvencies, scams, and virtual assets, while also promoting innovation and fintech.

Sustainable Finance

PBOC Extends Re-Lending Facilities to Support Green Transition

By Editors | 31/01/2023

Foreign-funded FIs will be allowed to use a re-lending facility designed to support carbon emission reductions. The facility is extended until end-2024.

Reporting & Disclosures

IFSCA Issues Disclosure Framework for GIFT City ESG Funds

By Editors | 30/01/2023

The framework is designed to promote the consistency, comparability, and reliability of disclosures from ESG funds operating in India’s maiden international financial services centre.

Reporting & Disclosures

Climate Consultancy South Pole Accused of Over-issuing Carbon Credits

By Editors | 30/01/2023

South Pole is alleged to have oversold 27 million tonnes of carbon credits and then failed to notify clients when the mistake was discovered.

Reporting & Disclosures

ESMA Under Pressure on ESG Fund Labelling Rules

By ESG Investor | 27/01/2023

European financial regulator faces up to criticisms of its plans for ESG label rules, with concerns focusing on the EU’s SFDR.

Sustainable Finance

India Issues First Ever Sovereign Green Bonds

By Editors | 26/01/2023

India raised almost $1bn that it will use for investments in renewable energy and climate change adaptation, among other areas.

ESG Data

ECB Publishes Climate-related Statistical Indicators

By Editors | 26/01/2023

The indicators are a first step to help narrow the climate data gap, said ECB executive board member Isabel Schnabel.

Capital Adequacy

EU Lawmakers Back Draft Law to Implement Basel III

By Editors | 25/01/2023

The draft law contains an interim treatment for banks to apply a 1250% risk weight to their cryptoasset exposures until 31 December 2024.