ESG / Sustainability

AML / KYC

Addressing Sanctions Risk in Maritime Trade

By Manesh Samtani | 02/06/2021

Banks facilitating transactions involving maritime trade must put in place systems and processes to detect illicit activity that could result in a breach of sanctions regulations.

ESG / Sustainability

G7 to Agree Global Corporate Tax at July Meeting – Report

By Editors | 31/05/2021

A G7 draft communique said a global minimum corporate tax will be agreed to help alleviate the strain on public finances.

ESG / Sustainability

APRA Invites Tenders to Help Model Physical Climate Risk

By Editors | 31/05/2021

APRA is seeking physical climate risk modelling capabilities to support the delivery of climate scenario analysis data to banks participating in the CVA project.

ESG / Sustainability

PASLA, RMA Issue New Guidance on ESG-based Securities Lending

By ESG Investor | 30/05/2021

The guidance offers best practice to help institutional investors ensure compatibility of their ESG principles with securities lending activities.

Big Picture

NGFS Publishes Preliminary Findings on Climate-related Data Gaps

By Editors | 26/05/2021

The availability of reliable climate-related data requires swift progress on disclosures, global taxonomy, and transparent and quality-assured metrics, the NGFS says.

ESG / Sustainability

BOE Explores Options for Greening Bond Purchase Programme

By Sanday Chongo Kabange | 26/05/2021

The BOE is exploring tools to incentivise companies whose debt it holds to take decisive action to achieve net zero in meaningful and lasting ways.

ESG / Sustainability

IAIS Offers Supervisory Guidance on Climate Risk in Insurance Sector

By Editors | 25/05/2021

New paper sets out recommendations to promote a globally consistent approach to the supervision of climate-related risks in the insurance sector.

ESG / Sustainability

FSC Korea Advances Initiatives to Respond to Climate Risk

By Manesh Samtani | 25/05/2021

The FSC has officially declared support for the TCFD, applied for NGFS membership, and launched a new consultative body with state-backed FIs on green finance.

ESG / Sustainability

EBA Publishes Results of Pilot Exercise on Climate Risk

By Sanday Chongo Kabange | 25/05/2021

The first gauge of the EU aggregated green asset ratio was estimated at 7.9%. Over half of banks’ overall exposures are to sectors that might be sensitive to transition risk.