Regulation
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ASIC Directs Listed Firms to Disclose Covid-19 Impacts
July 9, 2020Firms should “tell the story” of how their businesses are impacted by the Covid-19 pandemic, including support and assistance received from government, lenders, landlords and others.
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BOE Sets Deadline for UK Firms to Embed Climate Risk
July 7, 2020By end-2021, financial firms will have to be able to demonstrate that their approaches to managing climate-related financial risk have been implemented and embedded in their organisations.
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HKMA Sets Out Principles for Supervisory Approach on Climate
July 1, 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.
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MAS Consults on Environmental Risk Management Guidelines for FIs
June 26, 2020The guidelines set out MAS’ supervisory expectations for banks, insurers and asset managers in their governance, risk management, and disclosure of environmental risk.
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NGFS Publishes Scenarios for Climate Risk Assessments
June 26, 2020The publications will allow NGFS members and the FIs they supervise to better identify, quantify and mitigate climate risks in the financial system.
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MAS Seeks Cooperation with China on Green Finance
June 23, 2020MAS managing director Ravi Menon suggests that China and Singapore work together to create frameworks for green and sustainability-linked loans, customised for Chinese and Singaporean SMEs.
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Green Crime: A Global Challenge Requiring a Global Response
June 17, 2020A coherent global response and unifying standards are needed to tackle illegal wildlife trade and environmental crime. Financial institutions have a crucial role to play.
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KRX to Waive Fees for Issuers of ESG Bonds – Report
June 5, 2020KRX will also launch a centralised platform where investors can obtain the investment information and disclosures of each bond, as it seeks to bolster ESG bond markets.
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China: Fossil Fuel Projects No Longer Eligible for Green Bond Financing
June 3, 2020The removal of clean coal from the list of eligible projects will make it easier for foreign investors to play a greater role in China’s sustainable debt market.
