Topic: Sustainability

With more disclosure regulations and standards soon to be implemented, participants at a recent sustainable finance summit in Amsterdam discussed the increasing need for reliable data and methodologies related to sustainability and climate-related risk data and methodologies.

26 May 2023

With just over a year left in the current European Commission’s mandate, a senior DG-FISMA official has told financial market professionals not to expect major new legislation until after next year’s European elections, as markets continue to grapple with the past four years’ taxonomy and disclosure innovations. With Kelvin Ng reporting from Amsterdam.

04 May 2023

Singapore has shifted its focus to transition finance ahead of green finance in its newly-updated finance for net zero action plan, as the country’s finance minister said Asia’s development needs would mean continued use of fossil fuels.

26 April 2023

A group of regulators from across the United Arab Emirates, including from the financial free zones of Abu Dhabi and Dubai, has proposed a set of principles for corporate climate risk management for the country.

30 March 2023

The Bank of England has raised the alarm over the potential for firms to miscalculate the capital needed for future climate-related loses amid the difficulties in estimating climate risks.

29 March 2023

A key EU parliamentary committee has accepted adaptations to the final Basel III implementation, and opened the door for a potential future dedicated prudential framework that could include a “one-for-one” capital treatment for crypto and fossil fuel financing.

30 January 2023

The Federal Reserve has emphasised consistency with other US regulators in its draft guidance for big banks’ climate-related risks, with an emphasis on scenario analysis.

08 December 2022

A year ahead of the United Arab Emirates’ hosting of COP28, the financial regulator for Abu Dhabi’s financial free zone has released what it describes as deliberately flexible and non-prescriptive rules on green and “greening” finance, and a new ESG disclosures framework for regulated entities, allowing applicants to apply standards of their own choosing beyond those recommended by global standard-setters.

15 November 2022

The European Banking Authority has increased its emphasis on operational resilience and technology in its supervisory plans for 2023, due to “a new episode of economic uncertainty” caused by Russian aggression against Ukraine and the legacy of the covid-19 pandemic.

02 November 2022

The Financial Conduct Authority is proposing new rules to tackle misleading sustainability labels on investment products, in what has been called a “change of rhetoric” from the UK regulator.

26 October 2022