Topic: Sustainability

Singapore consults on corporate governance

Singapore’s regulatory authority is consulting on revised corporate governance guidelines for financial institutions, as regulators in Malaysia, Hong Kong and Japan emphasise sustainability and diversity in their own recent corporate governance overhauls.

12 May 2021

Is the European CMBS market set for a revival?

The impact of the covid-19 pandemic on financial markets has been compared by many to the aftereffects of the post-2008 financial crisis, and for good reason. Reed Smith partners Jason Richardson and Iain Balkwill ask whether European commercial mortgage-backed securitisation will survive, or whether the pandemic has sounded a second death-knell for this form of securitisation.

28 April 2021

EU and UK target greenwashing with sustainability proposals

UK lawmakers have urged the country’s financial regulator to ramp up efforts to tackle greenwashing, as the European Commission announces proposals to require large international banks to comply with higher sustainability reporting requirements.

23 April 2021

Community round-up: turnover at the FCA, and new leadership in South Africa and Dubai

The FCA’s international executive director and interim COO Nausicaa Delfas has been named to head up the UK’s Financial Ombudsman Service, while South Africa’s FSCA and Dubai’s DFSA have both announced their new leadership.

23 April 2021

Existing risk categories can capture climate risk drivers, Basel says

The Basel Committee on Banking Supervision says it has “not found any evidence” to support the creation of a separate risk category to address the drivers of climate risk – but indicates there will need to be more “granular” measurement of the changing climate’s impact on banks’ actual exposures.

16 April 2021

UK outlines mandatory climate disclosure plans

The United Kingdom has announced its plans for mandatory climate-related disclosures under TCFD guidelines.

25 March 2021

Introducing the “green asset ratio”: EU banks to face new ESG disclosure requirements

The European Banking Authority has proposed new rules requiring the EU’s largest banks to provide detailed disclosures of how much of their portfolios contribute to climate change.

02 March 2021

Market “woefully unprepared” for SFDR with one month to go

EU regulators have published the final details for the Sustainable Finance Disclosure Regulation set to take effect next month, even as one practitioner says the market is “woefully unprepared” for its effects.

12 February 2021

OCC faces blowback for “fair access” proposal

The US Office of the Comptroller of the Currency is facing stiff opposition from the banking industry to a proposed rule that would compel banks to lend to socially undesirable companies such as the fossil fuel and arms industries, as the “unusually compressed” comment period for the proposal ends.

08 January 2021

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