APRA has removed the A$500mn capital add-on it imposed on NAB in 2019 to reflect higher operational risk identified in its risk governance self-assessment.
March 14, 2024Standard Chartered, HSBC, Societe Generale, ABN Amro and Allianz have left the UN-backed Science Based Targets Initiative.
December 1, 2023Three firms were cut from the list of foreign fund managers eligible for policy concessions since last year. Goldman Sachs was added.
October 10, 2023The Net-Zero Insurance Alliance has lost members due to pressure from the anti-ESG movement in the US.
May 29, 2023Allianz already owns 49 percent of a China joint venture. The new licence, if granted, will help it boost its presence in China's mutual fund market.
March 30, 2023China launched its private pension scheme in 36 cities on 25 November. Commercial pension trials will start in 10 cities on 1 January.
December 3, 2022Over 300 FIs and multinational firms have called on “high impact” companies to set science-based targets for reducing emissions.
October 26, 2022Ten foreign fund managers and two investment trust companies will receive preferential treatment for one year.
October 17, 2022The UN-convened Net Zero Asset Owners Alliance has called on policymakers to facilitate the scaling of blended finance structures to fund climate solutions.
September 30, 2022APRA says it is satisfied that Allianz has fulfilled its commitments set out in a court enforceable undertaking undertaken in March 2021.
July 20, 2022