The NGFS is calling for wider use of ERA in the financial industry, offering case studies to showcase the adoption of ERA tools and methodologies by some FIs.
September 11, 2020A new NGFS workstream being created will identify missing data items needed for effective climate-related and environmental risk analysis.
September 7, 2020The derivatives market can contribute in the transition towards a low-carbon economy, due its ability to facilitate capital-raising via the hedging of risks related to sustainable investments.
July 17, 2020Incoming rules from the EU, UK, Singapore and Hong Kong highlight the need for banks to gain a better understanding of the third party and supply chain risks their customers face.
July 15, 2020Hong Kong needs a more coordinated policy environment and an ESG policy roadmap, to provide greater certainty and foster confidence for institutional investors, the FSDC says.
July 14, 2020The HKMA expects the results of the industry greenness self-assessments in August 2020, which will inform its supervisory expectations ahead of a consultation next year.
July 1, 2020The guidelines set out MAS’ supervisory expectations for banks, insurers and asset managers in their governance, risk management, and disclosure of environmental risk.
June 26, 2020The publications on reference scenarios and monetary policy will allow NGFS members and the FIs they supervise to better identify, quantify and mitigate climate risks in the financial system.
June 26, 2020A study from the Sustainable Banking Network finds that sustainable finance has emerged as a pathway for low-income countries to de-risk investments and enable financial flows.
June 25, 2020Around 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.
May 14, 2020