Topic: Sustainability

FSB urges expanded toolbox for addressing systemic climate risks

The Financial Stability Board has released its latest stock-take of regulatory efforts on the climate front – suggesting expanded use of scenario analysis and stress testing, more granular climate reporting requirements, and greater use of macroprudential tools by national regulators.

03 May 2022

EU banks set to disclose “adverse impacts” under new SFDR standards

The European Commission has become the latest body to address climate risk reporting at banks, less than a week after the ISSB issued its draft global standards for sustainability disclosures.

07 April 2022

ISSB issues draft global sustainability disclosure standards

The global climate finance standard setter, established by the IFRS at last year’s COP26 summit, has proposed its first climate related disclosure standards.

04 April 2022

Abu Dhabi to launch “world's first” carbon credit trading exchange

The financial regulator of the Abu Dhabi Global Market will develop what it calls the "world's first" regulated carbon credit trading exchange and clearing house, as its EU and Hong Kong counterparts place renewed emphasis on carbon markets.

30 March 2022

“A good start”: SEC releases long-awaited climate risk disclosure proposals

The US securities regulator has issued its long anticipated proposals for mandatory climate risk disclosures – including requirements related to scope 3 emissions, scenario analysis, and transition plans.

23 March 2022

ESMA sets sights on greenwashing in new sustainability roadmap

The EU’s securities regulator has set out its plan to address greenwashing, urging regulators to adopt a “shared understanding” of the bloc’s new SFDR regime.

14 February 2022

The road ahead: GBRR's predictions for 2022

Climate. Merger policy. Enforcement. Cybersecurity and AI. Gender and diversity. Fintech, crypto and decentralised finance. 2022 is set to see advances from regulators across the world – but what can banks and their advisors expect? GBRR spoke to leading practitioners across the US, Europe, the UK, Russia and the Asia Pacific for their predictions for the year ahead in banking regulation.

07 February 2022

Climate risk to become part of PRA’s “core supervisory approach”, with remedial actions in store

The UK’s prudential regulator has warned it plans to ramp up supervision of climate-intensive financing and levy higher capital requirements to compensate for climate risk in 2022, while the Financial Conduct Authority has announced its own refreshed ESG strategy.

29 October 2021

Tighten up ESG-linked derivatives to avoid greenwashing, ISDA urges

Trade organisation ISDA has called for reform in the ESG-friendly investment sector, calling on market participants to adopt quantitative key performance indicators to verify that sustainability-linked derivatives meet their stated goals.

15 September 2021

SEC hints at forthcoming climate disclosure rules

SEC chair Gary Gensler has promised widely anticipated climate disclosure rule proposals will arrive this year and will move beyond the existing TCFD framework.

02 August 2021

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