International

Climate Risk

NGFS Publishes First Report Focusing on Adaptation Finance

By Thisanka Siripala | 15/11/2024

The NGFS concurrently released a Synthesis Report on the Greening of the Financial System, seeking to provide a holistic and up-to-date view on the state of climate finance.

Sustainable Finance

MAS Releases Interim Report from Transition Credits Coalition

By Nithya Subramanian | 15/11/2024

The report describes the issues involved in developing and applying transition credits, and sets out a framework to scale these credits for coal phaseouts.

AI Risk & Governance

EU Commission Seeks Input on AI Systems That Should be Banned

By Mark Johnston | 15/11/2024

The EU Commission’s AI Office is consulting on the AI system definition and the specific use cases that should be banned due to potential harm.

Reporting & Disclosures

IOSCO Publishes Report on Transition Plans Disclosures

By ESG Investor | 15/11/2024

The report explores how transition plan disclosures can support investor protection and market integrity, and identifies actions for securities regulators.

Sustainable Finance

COP29 Countries Approve Global Carbon Market Framework

By Mark Johnston | 15/11/2024

Countries at COP29 have endorsed a global carbon market framework which forms the basis for operationalising Article 6.4 of the Paris Agreement.

Reporting & Disclosures

IAASB Releases Final Sustainability Assurance Standard, ISSA 5000

By Manesh Samtani | 14/11/2024

IOSCO declared its support for ISSA 5000. IAASB Chair Tom Seidenstein called on policymakers and practitioners to start adopting the standard.

Reporting & Disclosures

More Progress Needed to Achieve Consistent Climate Disclosures

By Editors | 14/11/2024

Progress reports from the FSB and IFRS Foundation show that significant progress has been made, but more is needed.

AI Risk & Governance

Unlocking the Potential of AI in Financial Crime Compliance

By Bradley Maclean | 14/11/2024

New research explores the potential of AI in financial crime compliance, highlighting pressing pain points and offering a roadmap for adoption.

Sustainable Finance

Singapore Pledges $500m in Concessional Funding for Climate Action

By Nithya Subramanian | 13/11/2024

The government will match every dollar, up to $500mn, of concessional capital committed by other partners involved in the FAST-P initiative.