Sustainability & ESG

Climate Risk

HKMA Launches ‘Greenness’ Assessment Framework

By Editors | 13/05/2020

Around 50 AIs will initially be expected to complete the assessment for end-2019 within 12 weeks. Other AIs are encouraged to reflect on their readiness to address climate and environmental risks.

Sustainable Finance

ICMA Publishes High-level Definitions For Sustainable Finance

By Editors | 12/05/2020

There is a need for convergence on terminology among markets participants, wider stakeholders, as well as policymakers and regulators, ICMA says.

Sustainable Finance

HK Regulators Establish Green and Sustainable Finance Steering Group

By Editors | 05/05/2020

Initiated by the HKMA and SFC, the Steering Group will coordinate across other agencies and sectors to position Hong Kong as a global leader in green and sustainable finance.

Structural Regulation

Australia, NZ, China, Japan Get Low Grades on Fund Regulation, Tax

By Editors | 01/05/2020

Australia, New Zealand, China, Japan are among the nations that have received the lowest scores on tax settings and regulatory regimes for the managed funds industry, according to a new Morningstar study.

Climate Risk

BCBS Members Advancing Work on Climate-related Financial Risk

By Editors | 30/04/2020

An “overwhelmingly large share” of BCBS members have conducted research related to the measurement of climate-related financial risks.

Conduct, Culture & Accountability

A Focus on Governance, Stewardship, and Engagement

By Siew Kai Choy | 20/04/2020

Boards must prioritise and assess culture as a strategic asset, and develop an appreciation for how it may lead to behaviour with material consequences, says Siew Kai Choy.

Reporting & Disclosures

IOSCO Forms Task Force to Address Sustainable Finance Issues

By Editors | 15/04/2020

The Task Force will work on sustainability and ESG disclosure challenges for investors, including to enhance transparency and address investor protection issues.

Reporting & Disclosures

Japan Finalises Stewardship Code Revisions

By Editors | 25/03/2020

Existing signatories have six months to update their disclosures to reflect the revisions, which include expectations to incorporate sustainability considerations in investment decisions.

Reporting & Disclosures

FCA Proposes ‘Comply or Explain’ Approach to Climate Disclosures

By Editors | 08/03/2020

The FCA proposes to require companies with a UK premium listing to either make climate-related disclosures consistent with the TCFD recommendations, or explain their non-compliance.