News Centre

BIS - Project Genesis: Prototype Digital Platforms For Green Bond Tokenisation

Date 03/11/2021

A suite of three reports showcasing Genesis, the BIS Innovation Hub's first green finance project executed in conjunction with the Hong Kong Monetary Authority (HKMA), that explores the green art of the possible through combining blockchain, smart contracts, internet-of-things, and digital assets.

IFRS Foundation's International Sustainability Standards Board On The Right Track, Says IOSCO

Date 03/11/2021

Speaking at COP26 today, Ashley Alder, Chairman of IOSCO (and CEO of the Hong Kong SFC), welcomed the publication by the IFRS Foundation of the prototype for the Climate Disclosure standard to be finalized in 2022 and told delegates that the IFRS Foundation is making good progress towards issuing the climate disclosure standard in 2022.

BIS: Basel Committee Supports The Establishment Of The International Sustainability Standards Board

Date 03/11/2021

• Basel Committee welcomes the IFRS Foundation's establishment of the International Sustainability Standards Board.
• Supports the development of a consistent approach across sectors and minimising regulatory fragmentation.
• Will work on the Pillar 3 framework to promote a common disclosure baseline for climate-related financial risks across internationally active banks.

CEO Of UAE Securities And Commodities Authority H.E. Dr. Maryam Al Suwaidi’s Message On Flag Day

Date 03/11/2021

Celebrating Flag Day has a special flavor this year. Fifty years have passed during which this flag had been rising high. The flag, with its four colors, has been a symbol of sovereignty and unity in the past fifty years and will remain so in the years ahead, thus entrenching the values of loyalty, belonging and love for this land’s soil.

Amount Of Finance Committed To Achieving 1.5°C Now At Scale Needed To Deliver The Transition - Capital Committed To Net Zero Now At Over $130 Trillion, Up From $5 Trillion When The UK And Italy Assumed COP26 Presidency

Date 03/11/2021

Today, through the Glasgow Financial Alliance for Net Zero (GFANZ), over $130 trillion of private capital is committed to transforming the economy for net zero.  These commitments, from over 450 firms across 45 countries, can deliver the estimated $100 trillion of finance needed for net zero over the next three decades.

A Strategy For Positive Sustainable Change - Speech By UK Financial Conduct Authority CEO, Nikhil Rathi, Delivered At COP26

Date 03/11/2021

Highlights

• We have released our new strategy for positive change.
• The themes of trust and transparency remain at the core of our strategy. We are also announcing a programme of work to support a market-led transition to a more sustainable economy. And we aim to embed climate and wider ESG considerations in everything we do.
• The International Sustainability Standards Board, launched today, is a game-changer. We will work with IOSCO and others to promote adoption of the new Board’s global baseline sustainability reporting standards.
• We support the Government’s ambition to work towards making the UK the world’s first net zero financial sector. 
• To help mobilise the capital needed to keep emissions in check, we need to build a trusted market and internationally consistent frameworks and standards.

IPA Qatar, Qatar Stock Exchange Partner To Bolster Market Attractiveness For Foreign Investment

Date 03/11/2021

The Investment Promotion Agency Qatar (IPA Qatar) and Qatar Stock Exchange (QSE) jointly announced the signing of a Memorandum of Understanding (MoU) today, which represents a launchpad for diverse collaborations between the two organisations, with the aim of further boosting the attractiveness of the Qatari market for foreign investments. The MoU was signed at Qatar Stock Exchange headquarters in the presence of Mr. Rashid bin Ali Al Mansoori, CEO of QSE, and Sheikh Ali Alwaleed Al-Thani, CEO, IPA Qatar.

Amman Stock Exchange: Modifying The Trading Hours For The Unlisted Companies (OTC)

Date 03/11/2021

Amman Stock Exchange modified the trading hours for the unlisted companies (OTC) to become as follows:

GLEIF, OS-Climate & Amazon Drive Broader And Faster Development Of Climate-Aligned Financial Applications - LEI Datasets Now Available Via The Amazon Sustainability Data Initiative Provide Opportunities To Seamlessly Integrate With – And Accelerate - Global Sustainability Initiatives

Date 03/11/2021

A collaboration between the Global Legal Entity Identifier Foundation (GLEIF), OS-Climate and Amazon has resulted in GLEIF’s real-time open Legal Entity Identifier (LEI) datasets being made publicly available for the first time in the cloud, via the Amazon Sustainability Data Initiative (ASDI) data catalog. Building upon its long-standing relationship with ASDI, the move was driven by OS-Climate to allow easier integration of LEI data with its own datasets, which supports the development of open data and open-source analytics for climate risk management and climate-aligned finance and investment.

Keynote Remarks By US Secretary Of The Treasury Janet L. Yellen At COP26 In Glasgow, Scotland At The Finance Day Opening Event

Date 03/11/2021

Glasgow and COP26 is a pivotal moment at the start of this decisive decade of climate action. The climate crisis is already here.  This is not a challenge for future generations, but one we must confront today.