All posts tagged "BANKING"
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1.7KIndustryGFANZ Aims to Boost “Speed and Scope” of Net Zero Transition
As well as the finalised transition framework for financial institutions, GFANZ issues updates on portfolio alignment metrics and policy levers.
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1.6KAsia-PacificAPAC Banks Publish Transition Finance Guidance
Lenders should assess whether financed projects meet ICMA criteria and align with sectoral pathways.
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2.1KAsia-PacificEvolving ESG Demands
The absence of standardised rules and consistent approaches, combined with a fast-evolving regulatory environment, requires asset managers and banks to be fleet-footed...
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Industry
IMF Outlines Approaches to Climate Risk Analysis
Climate risk analysis typically entails the development of scenario-based stress tests for assessing bank solvency and liquidity, using bank level data.
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News
BoE Publishes Results of First Supervisory Climate Stress Test
Without early action, the UK’s largest banks and insurers would suffer climate-related losses worth US$418 billion by 2050.
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Asia-Pacific
PBOC Plans to Fund China Energy Transition
Central bank aims to provide financial support for renewable energy sources.
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News
Russia SWIFT Ban Still Being Finalised; China Urges Dialogue
Seven Russian banks will likely be cut off from SWIFT; Japan will freeze Russia’s yen reserves; Korea will suspend transactions with seven...
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Asia-Pacific
Philippines’ Banks Urged to Adhere to Sustainable Finance Roadmap
Lending to activities considered sustainable and environment-friendly will qualify FIs for incentives, such as preferential rediscount rates.
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Asia-Pacific
Singapore Outlines Skill Set for Sustainable Finance
Technical skills and competencies set out for FIs to use to upskill finance professionals and build deeper talent pools for sustainable finance.
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EMEA
EBA Issues New Climate Disclosures for European Banks
Once approved by the European Commission, EU banks will have to start making climate disclosures in 2023, with full phase-in by June...
