ESG / Sustainability

ESG / Sustainability

A Review of Post-GFC Regulatory Approaches to Bank Boards

By Editors | 18/03/2020

Of the 19 jurisdictions surveyed, all prescribe ‘fit and proper’ criteria to assess bank board members, however some authorities have no regulatory powers to approve their appointments.

ESG / Sustainability

FCA Proposes ‘Comply or Explain’ Approach to Climate Disclosures

By Editors | 08/03/2020

The FCA proposes to require companies with a UK premium listing to either make climate-related disclosures consistent with the TCFD recommendations, or explain their non-compliance.

Securities / Derivatives

Hong Kong Bourse Publishes Updated ESG Reporting Guidance

By Editors | 08/03/2020

The additional guidance follows a December decision to make certain ESG disclosures mandatory, effective for financial years commencing on or after 1 July 2020.

Big Picture

IIF Calls for Global Alignment of Sustainability Efforts

By Editors | 06/03/2020

The IIF paper says fragmentation around climate risk assessment has emerged in the areas of prudential regulation and supervision, market and conduct regulation, taxonomy and disclosure.

Capital / Liquidity

BIS Seeks Integration of Climate Risk in Prudential Framework

By Manesh Samtani | 01/03/2020

At a recent BIS meeting, participants discussed how existing risk management requirements for banks and insurers could be adjusted to capture climate risk exposures.

Crypto / Digital Assets

Thailand SEC Sets Out Three Year Strategic Plan for Capital Market

By Editors | 28/02/2020

The strategic plan includes greater integration of ESG factors in the market, enhancing SME and startup access to capital, promoting the use of digital and e-KYC technologies, among others.

ESG / Sustainability

APRA to Develop Climate Risk Guidance, Assess ADI Vulnerability

By Editors | 25/02/2020

APRA will develop guidance on climate change financial risk, conduct a vulnerability assessment of ADIs, and include ESG in superannuation investment governance guidance.

Securities / Derivatives

SFC Highlights Key Regulatory Initiatives in Quarterly Report

By Editors | 25/02/2020

Among the initiatives were the launch of the new OFC regime for private fund managers, a regulatory framework for virtual assets, and enhancements to the investor compensation regime.

ESG / Sustainability

ICMA Publishes Compendium of Global Sustainable Finance Initiatives

By Editors | 24/02/2020

Key international initiatives identified are the Equator Principles, the FSB TCFD Recommendations, the G20 Sustainable Finance Study Group, the NGFS, and the UN SDGs.