The work programme includes initiatives to strengthen NBFI resilience, enhance cross border payments, and address climate change, among other priorities.
January 21, 2021Using the TCFD recommendations as the basis for developing requirements or guidance for climate-related disclosures will help avoid the risk of market fragmentation, the FSB says.
December 23, 2020Ravi Menon said there is a need for more high-quality carbon credits and more trading of such credits across borders to drive convergence towards a global price on carbon.
December 9, 2020Participating banks will need to assess physical risk and transition risk separately under different scenarios, and evaluate the financial impact in both the short term and long term.
December 8, 2020The inclusion of Japan's FSA, BNM and Bank of Canada on the steering committee will widen the NGFS' global reach and strengthening its geographical representation.
November 24, 2020A new report offers a set of non-binding recommendations to promote a unified ASEAN approach towards managing climate and environment-related risks.
November 19, 2020GAIP will incubate new risk financing solutions for emerging risks in Asia and serve as a policy think tank, initially focusing on pandemic risk and climate risk.
November 5, 2020Asset manager and asset owner reporting to clients and beneficiaries may not be sufficient, says a new report from the TCFD.
October 30, 2020Kevin Stiroh, Co-chair of the Task Force on Climate-related Financial Risks, highlighted the importance of globally concerted efforts and information sharing.
October 21, 2020A pilot climate stress testing exercise involving Hong Kong banks will commence early next year. A local green taxonomy is under development.
October 2, 2020