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Climate Risk
SBTi to Define Net Zero Standard for Financial Institutions
By Editors | 16/11/2021
SBTi identifies three approaches to net-zero definitions for FIs. It plans to define a standard for FIs to use in target-setting and performance-tracking.
Emerging Prudential Risks
BCBS Consults on Principles for Banks’ Management of Climate Risks
By Editors | 16/11/2021
The principles offer guidance for banks on corporate governance, internal control frameworks, risk management, risk reporting, and scenario analysis, among other areas.
Sustainable Finance
New Zealand to Issue First Sovereign Green Bonds in 2022
By Sanday Chongo Kabange | 16/11/2021
New Zealand plans to issue sovereign green bonds next year to help raise finance for the country’s low carbon transition.
Reporting & Disclosures
Australia Finalises Rules on Super Fund Portfolio Disclosures
By Editors | 15/11/2021
Morningstar has expressed concern that the rules do not require super funds to disclose specific stocks or bonds held in portfolios run by external asset managers.
Reporting & Disclosures
SRI Taxonomy a ‘Critical Building Block’ for Malaysia Capital Market
By Manesh Samtani | 15/11/2021
Malaysia’s Securities Commission is on track to publish a draft SRI taxonomy for consultation by the end of the year.
Sustainable Finance
COP26 Deal to Pave Way for Carbon Markets Growth
By ESG Investor | 15/11/2021
Agreement on Paris rules in Glasgow expected to stimulate investment flows, while wider deal seen as key, if limited, step on path to low-carbon transition.
Trading & Investment
Chinese Power Companies Issue First ‘Energy Guarantee Bonds’
By Editors | 15/11/2021
Industrial Bank underwrote two ‘energy guarantee bonds’ worth a total CNY 4 billion, the proceeds of which will be used to help address power shortages.
Sustainable Finance
China Allows Foreign Firms to Issue Social, Sustainability Bonds
By Editors | 15/11/2021
Overseas firms can register to issue ‘panda bonds’ designated to fund social responsibility and sustainable development projects, NAFMII has announced.
Anti-Money Laundering
Indonesia, UAE to Cooperate on Payments, Fintech, AML
By Editors | 11/11/2021
Central banks will cooperate on cross-border payments, fintech, and AML. Financial services regulators will cooperate on developing the Islamic finance industry.
Reporting & Disclosures
ASEAN Sectoral Bodies Publish Taxonomy for Sustainable Finance
By Mark Johnston | 11/11/2021
The ASEAN Sectoral Bodies make inclusivity and credibility central to the regional taxonomy for sustainable finance.
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