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Emerging Prudential Risks
Data Gaps Initiative to Extend Past 2021: FSB, IMF
By Editors | 08/10/2021
A new international cooperation initiative on data gaps will be needed after the DGI concludes. Some phase 2 recommendations may not yet be complete by year-end.
Sustainable Finance
Action Needed to Scale Up ESG Investing, say IMF, OECD
By ESG Investor | 07/10/2021
The IMF, World Bank and OECD are working on classification systems to harmonise and support the development of sustainable finance markets.
Trading & Investment
Hong Kong Announces Initiatives to Bolster Financial Hub Status
By Manesh Samtani | 07/10/2021
Chief Executive Carrie Lam announced measures to improve the stock market listing regime and enable RMB-denominated securities in Hong Kong.
Reporting & Disclosures
GRI Puts Human Rights at Heart of New Standards
By ESG Investor | 06/10/2021
Sustainability reporting body provides greater clarity on materiality, launches sector-specific standards, strengthens the governance disclosures.
Climate Risk
Derivatives Are “Essential” to Carbon Markets: ISDA
By Editors | 06/10/2021
Regulatory action is needed to address disproportionately high capital requirements that would be imposed on carbon certificates by FRTB.
Climate Risk
IAIS Warns of Climate Risks Faced by Insurance Sector
By Ranamita Chakraborty | 06/10/2021
The IAIS estimates more than 35 percent of insurers’ investment assets are “climate-relevant”, i.e. exposed to climate risks.
Emerging Prudential Risks
CBIRC Directs Banks to Finance Coal Amid Energy Crisis
By Editors | 06/10/2021
China’s energy crisis is the result of efforts to reduce domestic coal production to meet climate policy objectives, exacerbated by a ban on imports from Australia.
Reporting & Disclosures
ESG Due Diligence: Setting a High Water Mark
By Manesh Samtani | 05/10/2021
Refinitiv’s Wendy De Cruz talks to Regulation Asia about new supply chain laws reshaping industries and the challenges FIs face in enhancing due diligence practices.
Credit Risk
IASB Launches Post Implementation Review of IFRS 9
By Editors | 05/10/2021
Among other areas, the review seeks input on the application of IFRS 9 to financial instruments with sustainability-linked features and cash flows linked to ESG targets.
Sustainable Finance
HSBC, Temasek to Establish Platform to Fund Sustainable Infrastructure
By Editors | 04/10/2021
HSBC and Temasek, with support from ADB and Clifford Capital Holdings, will dispense over $1bn in loans through the platform within 5 years.
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