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US banks 'concerned' Basel climate scenario work could affect capital adequacy ratios
17 July 2024An influential group of some of the US' biggest banks has said it is "concerned" that work by the Basel Committee could prematurely lead banking supervisors to change capital adequacy requirements based on the results of climate scenario analysis.
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Amundi, LGIM among investors urging government to act on nature
16 July 2024Governments have been urged to take "immediate leadership" on nature and create more facilitatory financial policies in a letter signed by a group of 130 businesses and investors.
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Piecemeal rollback of sustainability rules more likely than review of CSRD, observers say
15 July 2024A full review of the EU Corporate Sustainability Reporting Directive (CSRD) to reduce the reporting burden on corporates is unlikely, but a more politically conservative European Parliament could see a piecemeal rollback of regulations, a lawyer has said.
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Central banks face tough questions to balance climate work and inflation, NGFS says
12 July 2024Plans by central banks to escalate monetary policy measures to tackle climate-related financial risks may have to be revisited to consider their utility in the current raised interest rate environment, according to the Network for Greening the Financial System (NGFS).
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Regulator's survey of five French asset managers finds none fully compliant with SFDR
12 July 2024None of the five French asset managers surveyed by their regulator was fully compliant with the EU Sustainable Finance Disclosure Regulation (SFDR), owing largely to a lack of reliable data, it has been revealed.
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New UK government urged to 'improve credibility' of green bond programme
12 July 2024The new UK government has been urged to provide greater use-of-proceeds clarity and outline a "comprehensive" medium-term green financing strategy to improve the credibility of future green bond issuances from the major sovereign issuer, according to a think tank.
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UK's Modern Slavery Act 'a huge disappointment', claims RepRisk CEO
11 July 2024The UK's Modern Slavery Act (MSA) has been a "huge disappointment", argued the CEO of RepRisk, adding that he expects the EU's incoming Corporate Sustainability Due Diligence Directive (CSDDD) to have more impact.
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Nigeria plans sovereign green bond market return in September
11 July 2024The Nigerian government is planning to return to the green bond market for the first time in five years, as it outlines plans to become an annual issuer of the sustainable bond instrument.
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Investors voice 'deep concern' at UK listing rule change that removes voting rights
11 July 2024Investors have voiced "deep concern" at changes to UK listing rules they say threaten the country's position as a leading light on corporate governance and will not deliver the benefits that are claimed.
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Webinar: How central banks are exploring deforestation risks
10 July 2024Central banks are gaining new insights into financial risks associated with deforestation and other land use changes and are encouraging widespread uptake of a novel framework to assess these risks, an Environmental Finance webinar heard.