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Cryptocurrency
Inner Mongolia Government Threatens Punishment for Crypto Mining
By Sanday Chongo Kabange | 28/05/2021
A new notice warns telecoms, big data centres and cloud computing companies of severe punishment if they engage in or facilitate crypto mining activities.
ESG Data
NGFS Publishes Preliminary Findings on Climate-related Data Gaps
By Editors | 26/05/2021
The availability of reliable climate-related data requires swift progress on disclosures, global taxonomy, and transparent and quality-assured metrics, the NGFS says.
Sustainable Finance
BOE Explores Options for Greening Bond Purchase Programme
By Sanday Chongo Kabange | 26/05/2021
The BOE is exploring tools to incentivise companies whose debt it holds to take decisive action to achieve net zero in meaningful and lasting ways.
Climate Risk
IAIS Offers Supervisory Guidance on Climate Risk in Insurance Sector
By Editors | 25/05/2021
New paper sets out recommendations to promote a globally consistent approach to the supervision of climate-related risks in the insurance sector.
Climate Risk
FSC Korea Advances Initiatives to Respond to Climate Risk
By Manesh Samtani | 25/05/2021
The FSC has officially declared support for the TCFD, applied for NGFS membership, and launched a new consultative body with state-backed FIs on green finance.
Climate Risk
EBA Publishes Results of Pilot Exercise on Climate Risk
By Sanday Chongo Kabange | 25/05/2021
The first gauge of the EU aggregated green asset ratio was estimated at 7.9%. Over half of banks’ overall exposures are to sectors that might be sensitive to transition risk.
Climate Risk
Biden Directs US Federal Agencies to Take Action on Climate
By Editors | 25/05/2021
Under an executive order, a comprehensive government-wide strategy on climate-related financial risk shall be developed within 120 days.
Sustainable Finance
Japan FSA Releases Guidelines on Climate Transition Finance
By Editors | 25/05/2021
The guidelines incorporate the recommendations on disclosures from the ICMA Climate Transition Finance Handbook, which was published in December.
Climate Risk
China Releases Supplementary Rules for Carbon Rights Trading
By Editors | 24/05/2021
The rules detail the role of the registration authority, allowing it to intervene if carbon prices see abnormal fluctuations or excessive volatility.
Climate Risk
Korea Brokers Join Emissions Trading Scheme as Market Makers
By Editors | 24/05/2021
Participation by the brokerage firms as market makers will help reduce bid-ask spreads and keep Korea’s emissions trading market liquid.
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