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Market Infrastructure
China, EU Publish Common Sustainable Finance Taxonomy
By Manesh Samtani | 05/11/2021
The PBOC says the common taxonomy will help promote China-EU green investment and financing cooperation and cross-border activities, while reducing the cost of green certification.
ESG / Sustainability
Bank Compensation Practices More Advanced Than Other FIs: FSB
By Editors | 05/11/2021
The use of balanced scorecards based on KPIs in determining compensation is “critical” to promoting a sound risk culture in a firm, the FSB says.
Market Infrastructure
New Alliances Target Energy Infrastructure, Lower Emissions
By Mark Johnston | 05/11/2021
The GEAPP has committed $100bn to clean energy infrastructure. ADB announced a plan to finance early closures of coal plants in Indonesia and the Philippines.
ESG / Sustainability
NGFS Members Reaffirm Commitment to Climate Action
By Editors | 05/11/2021
The “NGFS Glasgow Declaration” pledges central banks and supervisors to continue fostering action on climate change and greening the financial system.
ESG / Sustainability
Pace of Change Open to Question on COP26 Finance Day
By ESG Investor | 04/11/2021
Finance sector commitments are strongly in evidence, but NGOs and asset owners call for increased fossil fuel focus.
Market Infrastructure
DSB Seeks Feedback on Legal Framework for UPI Service
By Editors | 04/11/2021
The Derivatives Service Bureau proposes to use a single overarching legal agreement for users subscribing to OTC ISIN and UPI Services.
ESG / Sustainability
ISSB Offers “Baseline” for Global Sustainability Reporting
By ESG Investor | 04/11/2021
The IFRS Foundation has officially launched its International Sustainability Standards Board and plans to issue a new climate disclosure standard next year.
Big Picture
Emerging Markets Rapidly Progressing Sustainable Finance Frameworks
By Sanday Chongo Kabange | 03/11/2021
The Sustainable Banking and Finance Network says 32 member countries have launched national frameworks that set expectations for FIs to manage ESG risk.
Capital / Liquidity
UK Postpones Consultation Signalling Basel III Implementation Delay
By Editors | 03/11/2021
Implementation of the final Basel III requirements will not take place in the UK according to the globally agreed timeline.
Securities / Derivatives
IOSCO Finalises Guidance on Preventing Greenwashing in Funds
By Editors | 03/11/2021
IOSCO provides five recommendations for regulators to consider as they develop sustainability-related rules and regulations for asset managers.
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