Events listed in Sustainable Finance
Results of the review of the first phase of implementation on the CIS of ...
ID 23110
The CNMV has published a report on the results of the review of the first phase of the implementation of sustainability regulations for CIS. The report covers the first phase of the implementation of regulations on sustainability and the publication of information on sustainable investments by investment funds, which took effect in March 2021. The report provides an overview of the information published by ...
HKMA Annual Report 2022 and Sustainability Report 2022
ID 23044
On April 28, 2023, the Hong Kong Monetary Authority, HKMA, issued a press statement to inform that it has released two new reports: 1. the Annual Report 2022 and 2. the so-called Sustainability Report 2022. ##### The first report, the Annual Report 2022,** – outlines the key challenges faced by the Hong Kong financial market in 2022 such as declining economic activity, the (gobal) ...
Network of Central Banks and Supervisors Meet in Singapore to Discuss Greening the ...
ID 22991
*The Monetary Authority of Singapore (MAS) has published a statement to inform of several meetings of the Network of Central Banks and Supervisors for Greening the Financial System (NGFS)* that were held in Singapore on April 25, 2023 and April 26, 2023. The overall objective of the meetings was to discuss the status quo of the transition towards sustainable financial markets and possible improvements ...
[ESMA22-106-4508 ] Summary of conclusions joint meeting of the BoS and the SMSG ...
ID 22985
The joint meeting of the chairs of ESMA’s BoS and of the SMSG was held on 27 January 2023 at the ESMA headquarters in Paris. The meeting covered two main topics: greenwashing and funds‘ names, and market developments in crypto assets. During the discussion on greenwashing, the SMSG presented their adopted advice on the issue, emphasizing the __importance of a clear definition of the ...
Asset Management
information
IOSCO welcomes the initiative by the IAASB to seek early engagement and broad ...
ID 22949
IOSCO has welcomed the decision by the IAASB to move forward with the consultation on its proposed sustainability assurance standards. This move is part of the IAASB’s plan to establish an assurance framework for sustainability disclosures by the end of 2024. The purpose of this work is to promote consistency, comparability, and reliability of sustainability-related information provided to the market, thereby enhancing trust in ...
Guangdong-Hong Kong-Macao Greater Bay Area financial institutions deepen ...
ID 22924
On April 24, 2023, two meetings took place between financial market regulators, industry participants, and several organizations, including the Hong Kong Green Finance Association (HKGFA) and the Greater Bay Area Green Finance Alliance, to further strengthen collaboration in green and sustainable finance in the Guangdong – Hong Kong – Macao Greater Bay (GBA) area. The meetings were co-organized or supported by the Securities and ...
Banks must continue improving climate risk disclosures as new EU rules take effect, ...
ID 22904
The ECB published its third review of the disclosure of C&E risks among SIs and a selected number of LSIs entitled The importance of being transparent – A review of climate-related and environmental risks disclosures practices and trends. The review is based on the expectations set out by the ECB in its [Guide on climate-related and environmental risks](), which was published in November 2020 ...
Singapore and China Establish Green Finance Taskforce to Strengthen Collaboration ...
ID 22897
On April 21, 2023, the Monetary Authority of Singapore (MAS) published a press release to inform of the establishment and inauguration of the new China-Singapore Green Finance Taskforce (GFTF). The taskforce – which is comprised of senior representatives and sustainable finance experts from financial institutions, green FinTech companies from Singapore and China, and representatives of MAS and the China Green Finance Committee – will ...
Climate-related Financial Risk Factors in Compensation Frameworks
ID 22877
The FSB published its Climate-related Financial Risk Factors in Compensation Frameworks report, discusses the increasing trend of financial institutions using non-financial measures, including ESG aspects, to drive accountability for performance measurement in order to determine variable compensation. The report specifically focuses on how climate-related financial risk factors are being incorporated into compensation frameworks. The report provides examples of evolving pract ...
MAS Launches Finance for Net Zero Action Plan
ID 22872
The Monetary Authority of Singapore (MAS) has published a press statement to inform that it has finalized its new Finance for Net Zero Action Plan (FINZ) which builds upon its 2019 Green Finance Action Plan and expands its scope to cover transition financing. According to MAS, transition financing refers to „investment, lending, insurance, and related services to progressively decarbonise areas such as power generation, ...