ESG / Sustainability

Crypto / Digital Assets

StanChart, Mastercard Complete PoC Involving Tokenised Carbon Credits

By Editors | 15/05/2024

Mastercard, StanChart, Mox Bank and Libeara are partnering to catalyse the adoption of tokenisation in financial assets.

Capital / Liquidity

Japan Outlines Plans for Next Climate Scenario Analysis Exercise

By Editors | 14/05/2024

The results of the first exercise were published in August 2022. The second exercise will cover a shorter time horizon.

ESG / Sustainability

Malaysia to Sell First Domestic Carbon Credits on 25 July

By Editors | 14/05/2024

Bursa Malaysia said the auction of carbon credits generated via a domestic forestry project marks a “significant milestone” for BCX.

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”.