ESG / SUSTAINABILITY

Capital / Liquidity

EU Defers Full Basel III Implementation to January 2025

By Manesh Samtani | 29/10/2021

The EU’s Basel III package of rules includes requirements for banks to under climate stress testing as well as identify, disclose and manage ESG risks.

ESG / Sustainability

Japan Developing Certification Framework For ESG Related Bonds

By Mark Johnston | 29/10/2021

Japan’s FSA will also formulate codes of conduct for ESG evaluation organisations, covering transparency, fairness, and good governance.

ESG / Sustainability

UNEP FI Warns of Inconsistencies in FIs’ Transition Plans

By ESG Investor | 28/10/2021

New recommendations offer a baseline for asset owners assessing the credibility of their asset managers’ net-zero commitments and investment strategies.

Big Picture

FSB Annual Report Warns of Continued Financial Stability Risk

By Manesh Samtani | 28/10/2021

Sudden sharp movements in asset prices could spill over across the financial system and the unwinding of policy support could prompt insolvencies and credit losses.

ESG / Sustainability

NGFS Details Progress Made By Supervisors on Climate Risk

By Manesh Samtani | 27/10/2021

The NGFS plans to launch a capacity building initiative for supervisors, develop policy recommendations to bridge data gaps, and further build on its climate scenarios work.

ESG / Sustainability

A Look at the SFC’s Climate Risk Requirements for Fund Managers

By Michael P Wong | 27/10/2021

The new requirements will have a significant impact on in-scope fund managers, and not just those that follow ‘sustainable’ or ‘ESG’ strategies, says Dechert partner Michael Wong.

ESG / Sustainability

SEBI Proposes New Requirements for ESG Funds in India

By Manesh Samtani | 27/10/2021

ESG-labelled funds will have to invest at least 80% of total assets in ESG themed securities, and disclose measures taken to mitigate greenwashing risks and reliance on third party scores.

ESG / Sustainability

RBNZ Outlines Action Plan for Addressing Climate Risks

By Sanday Chongo Kabange | 27/10/2021

The RBNZ will develop a guidance note to support regulated entities in managing climate risks, focusing on physical, transition and liability risks.

ESG / Sustainability

HK Financial Sector Calls for Easing of Covid Restrictions

By Sanday Chongo Kabange | 25/10/2021

Nearly half of surveyed FIs are considering moving staff or functions away from Hong Kong due to operational challenges, including travel and quarantine uncertainty.