The guide will be updated to take into account the new general sustainability-related (S1) and climate-related (S2) disclosure standards from the ISSB.
May 17, 2023The RBNZ proposes to introduce mandatory reporting of all material cyber incidents within 72 hours, and periodic reporting of non-material incidents.
May 9, 2023FIs can tap the scheme to defray the cost of offering internships, apprenticeships and academic sponsorships to polytechnic graduates and students.
April 25, 2023The proposals will make it easier to designate investment managers, insurers and other nonbank financial groups as systemically important.
April 25, 2023This AGM season, investors have filed numerous shareholder resolutions to accelerate finance sector action to address climate risks and meet net zero commitments.
April 24, 2023An amendment bill was gazetted that will make capital requirements for insurance companies more sensitive to their asset and liability matching, risk profile and mix of products.
April 11, 2023Formosa Property Insurance was rejected in December. CTBC Insurance was not sufficiently innovative or differentiated from other existing products.
April 11, 2023The guidance proposes that regulated entities develop their capabilities in climate-related scenario analysis and stress testing, outlining the RBNZ's latest thinking on best practice.
March 30, 2023Existing capability and regime gaps “create uncertainty” over whether financial institutions are adequately capitalised for future climate-related losses, says the Bank of England.
March 15, 2023Regulators are considering allowing shareholders to vote on executive compensation, introducing clawback provisions, and granting new bank approvals, among other measures.
March 6, 2023