International

ESG / Sustainability

BIS Launches Climate Training Portal for Central Banks

By Editors | 08/11/2021

The training will initially cover climate-related risk drivers, transmission channels, measurement methodologies, bank stress testing, insurance sector supervision, and TCFD disclosures.

Fintech / Regtech

Multi CBDC Bridge Project Moves to Test New Use Cases

By Sanday Chongo Kabange | 07/11/2021

The mBridge project team has collaborated with private sector participants to identify 15 potential business use cases that are now being tested.

ESG / Sustainability

Bank Compensation Practices More Advanced Than Other FIs: FSB

By Editors | 05/11/2021

The use of balanced scorecards based on KPIs in determining compensation is “critical” to promoting a sound risk culture in a firm, the FSB says.

Market Infrastructure

New Alliances Target Energy Infrastructure, Lower Emissions

By Mark Johnston | 05/11/2021

The GEAPP has committed $100bn to clean energy infrastructure. ADB announced a plan to finance early closures of coal plants in Indonesia and the Philippines.

ESG / Sustainability

NGFS Members Reaffirm Commitment to Climate Action

By Editors | 05/11/2021

The “NGFS Glasgow Declaration” pledges central banks and supervisors to continue fostering action on climate change and greening the financial system.

ESG / Sustainability

Pace of Change Open to Question on COP26 Finance Day

By ESG Investor | 04/11/2021

Finance sector commitments are strongly in evidence, but NGOs and asset owners call for increased fossil fuel focus.

Market Infrastructure

DSB Seeks Feedback on Legal Framework for UPI Service

By Editors | 04/11/2021

The Derivatives Service Bureau proposes to use a single overarching legal agreement for users subscribing to OTC ISIN and UPI Services.

ESG / Sustainability

ISSB Offers “Baseline” for Global Sustainability Reporting

By ESG Investor | 04/11/2021

The IFRS Foundation has officially launched its International Sustainability Standards Board and plans to issue a new climate disclosure standard next year.

Big Picture

Emerging Markets Rapidly Progressing Sustainable Finance Frameworks

By Sanday Chongo Kabange | 03/11/2021

The Sustainable Banking and Finance Network says 32 member countries have launched national frameworks that set expectations for FIs to manage ESG risk.