Archive

Make international transition finance work more coherent, Japanese bank urges

A plethora of guidance and frameworks on transition finance complicates efforts to focus private capital to where it is most needed, according to a senior banker at Sumitomo Mitsui.

Danish insurers' taxonomy alignment drops below 2%, regulator says

There was a big drop in non-life insurers reporting alignment with sustainable activities in the EU's taxonomy last year after the European Commission clarified how they should make calculations, analysis by Denmark's Financial Services Agency (FSA) found.

BoJ analysis shows need to improve link between scenarios and transition plans, banks say

The results of scenario analysis by three Japanese megabanks suggest improvements are needed to better link the assessments with corporate transition plans if they are to be used in a similar way to conventional stress tests, according to the Bank of Japan.

People Moves, 11 July: Clifford Capital, Japan FSA, BNY, Revaia_ ... and more

Ikeda departs Japan Financial Services Agency

Japan mulled delayed phase-in of ISSB after EU's Omnibus

A working group discussing implementation of rules based on Sustainability Standards Board of Japan (SSBJ) standards considered delaying a planned phase-in after the EU published its Omnibus simplification package, according to an observer.

Joint engagement should avoid box-ticking, Japan's FSA says as it revises Stewardship Code

Signatories to Japan ESG data code of conduct rise to 28

Regulators divided on value of transition plans for ensuring financial stability

Financial regulators globally are divided on whether climate transition plans should be used to assess financial institutions' risk management, according to a report by the Financial Stability Board (FSB).

Rush to regulate ESG ratings raises risk of having to backtrack, Japan FSA chief says

The EU risks having to "backtrack" on its regulation of disclosure by providers of ESG ratings, according to a Japanese regulator.