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Showing 21 - 30 of 108 results for "Financial System"

Investments at risk: Finance "out of step" with climate science

ROSE MARY PETRASS  |  THURSDAY, 3 AUG 2023  |  NEWS
... see a 10% reduction. This methodology influences global economic policy through the Network for Greening the Financial System (NGFS), the Financial Stability Board (FSB), and the Intergovernmental Panel on Climate Change (IPCC). NGFS, which the RBA uses ...

Climate transition a factor in sovereign debt pricing: Ardea

ROSE MARY PETRASS  |  TUESDAY, 1 AUG 2023  |  NEWS
... to in equity investing. Considering that the government bond market is vital for the functioning of the global financial system, it is vital that fund managers first consider how climate change will impact the yield curve, Ryan said. "We advocate that ...

Treasury seeks feedback on mandatory climate-related financial disclosures

ROSE MARY PETRASS  |  WEDNESDAY, 28 JUN 2023  |  NEWS
... climate-related risks and opportunities should be reported, strengthening the overall stability of the Australian financial system." Previous consultation submissions The previous consultation, held between December and February 2023, received 194 submissions ...

Global development banks release joint principles towards Paris alignment

ROSE MARY PETRASS  |  THURSDAY, 22 JUN 2023  |  NEWS
... operating models, and financing mechanisms. Implementing the MDB joint declaration is one step towards enabling the financial system to shift at the scale required to align all financial flows with the goals of the Paris Agreement. The PRI recently called ...

Aussie, Kiwi ministers commit to sustainable finance alignment

RACHEL ALEMBAKIS  |  THURSDAY, 8 JUN 2023  |  NEWS
... Australia and New Zealand," Herd said. "They are fundamental to hardwiring sustainability definitions into the financial system. "Work in Australia and New Zealand follows efforts in the EU, the US, Singapore, and the ASEAN to direct investment into ...

Treasury mandates APRA must consider climate risk in duties

RACHEL ALEMBAKIS  |  THURSDAY, 8 JUN 2023  |  NEWS
... APRA to discharge its responsibilities regarding regulated entities. "Our priority is to ensure Australia's financial system remains stable and robust and that the regulator is responsive to changing economic conditions," Chalmers said. "The statement ...

No role for monetary policy to address climate change

RACHEL ALEMBAKIS  |  THURSDAY, 20 APR 2023  |  NEWS
... Monetary Policy Board and a Corporate Governance Board; the former would look at monetary policy decisions and financial system stability alone, while the latter would be focused on corporate governance. One of the recommendations explicitly considered ...

RIAA hires head of certification

RACHEL ALEMBAKIS  |  WEDNESDAY, 5 APR 2023  |  NEWS
... before to raise the bar on responsible investment standards and practice in our region, supporting the shift to a financial system that works for all."

Investor Group on Climate Change creates executive leadership position

RACHEL ALEMBAKIS  |  TUESDAY, 21 FEB 2023  |  NEWS
... accelerate, building on the progress they're making now. "Duncan has been an important leader in Australia's financial system, and we're thrilled to have him on board." Prior to joining ISS ESG, Paterson built the responsible investment advisory ...

ASIC issues Indigenous Financial Services Framework

RACHEL ALEMBAKIS  |  WEDNESDAY, 15 FEB 2023  |  NEWS
... acknowledged that First Nations peoples have been "prohibited and excluded from participating in the Australian financial system," and has published an Indigenous Financial Services Framework to support positive financial outcomes for First Nations people. ...