ESG / Sustainability

Capital / Liquidity

US Fed Releases Summary Results of Climate Scenario Analysis

By Manesh Samtani | 12/05/2024

The six US banks that participated reported “significant data and modelling challenges”. Better Markets says the results are “appalling”.

AML / KYC

FIs Exposed to Land Conversion-related Financial Crime Risk

By Manesh Samtani | 09/05/2024

WWF-UK and Themis have identified vulnerabilities when it comes to handling the proceeds of land conversion-related financial crimes.

Crypto / Digital Assets

Singapore, UK to Boost Fintech, Green Finance Cooperation

By Nithya Subramanian | 09/05/2024

MAS and HM Treasury will collaborate to develop and finance green finance and energy transition projects in APAC.

ESG / Sustainability

ASIC to Update Guidance for Carbon Market Participants

By Editors | 08/05/2024

The proposed updates seek to address the implications of the safeguard mechanism reforms which commenced on 1 July 2023.

ESG / Sustainability

ASIC Has Greenwashing “In Its Sights”, Says Chair Joe Longo

By Nithya Subramanian | 06/05/2024

Joe Longo said ASIC will take action when there’s an “unreasonable lack of diligence” or “carelessness” by regulated entities that “should know better”.

ESG / Sustainability

HKMA Publishes Hong Kong Taxonomy for Sustainable Finance

By Manesh Samtani | 06/05/2024

The Taxonomy encompasses 12 economic activities under four sectors. The HKMA said the second phase of the Taxonomy’s development “will commence soon”.

ESG / Sustainability

HKMA Issues Updated Guideline on Green Finance Grant Scheme

By Editors | 06/05/2024

The grant scheme is being extended another three years, and its scope is being expanded to cover transition finance instruments.

ESG / Sustainability

China Construction Bank, Gprnt Partner on Sustainable Finance

By Nithya Subramanian | 03/05/2024

This is the first collaboration between a major Chinese financial institution and Gprnt. It is expected to improve access to sustainable finance for SMEs.

ESG / Sustainability

New Zealand XRB Establishes Sustainability Reporting Board

By Editors | 02/05/2024

The new technical committee will advise the XRB on New Zealand’s Climate Standards and the development of a voluntary, non-financial reporting framework.