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Showing 41 - 50 of 108 results for "Financial System"

RBA, APRA outline COP26 commitments

RACHEL ALEMBAKIS  |  FRIDAY, 5 NOV 2021  |  NEWS
... financial stability. APRA and RBA issued a joint statement at COP26 as members of the Network for Greening the Financial System (NGFS), a group of central banks and supervisors who share practices and contribute to the development of environment and ...

COP26 preview: reporting, carbon markets and role of finance

RACHEL ALEMBAKIS  |  THURSDAY, 28 OCT 2021  |  NEWS
... and collective progress to Paris Agreement themselves. Another area of great concern will be the role that the financial system will play. Underpinning capital allocations will be greater and better disclosure from companies regarding climate change ...

Climate change "a first-order risk": RBA

RACHEL ALEMBAKIS  |  THURSDAY, 14 OCT 2021  |  NEWS
Reserve Bank of Australia deputy governor Guy Debelle called climate change "a first-order risk for the financial system", with broad-ranging impacts on Australia. Debelle also warned while there has only been "isolated examples" of divestment from ...

Fragmented ESG regulation in APAC a challenge: State Street

RACHEL ALEMBAKIS  |  FRIDAY, 24 SEP 2021  |  NEWS
... region." Founta pointed to the fact that many APAC jurisdictions have joined the global Network for Greening the Financial System (NGFS), made up of central bank and regulatory supervisor organisations with the goal of sharing information about incorporating ...

Banks' role in global decarbonisation under spotlight

RACHEL ALEMBAKIS  |  THURSDAY, 12 AUG 2021  |  NEWS
... activities, but also exposed to broader financial stability risks given the deep interconnectivity of the global financial system. "Climate change doesn't know any barriers or boundaries, it doesn't discriminate between a 'good bank' and a 'bad bank,'" ...

Pengana Capital reports positive impacts of equities fund

RACHEL ALEMBAKIS  |  THURSDAY, 29 JUL 2021  |  NEWS
... investor in listed equities, and they can see they have a contribution in that they try to support the wider financial system to enable better financial outcomes." The WHEB Sustainable Impact Fund discloses the underlying holdings of the entire portfolio ...

Banks face multi-billion risks from climate change: Accenture

RACHEL ALEMBAKIS  |  THURSDAY, 22 JUL 2021  |  NEWS
... (CVA) which will assess not only their potential exposures to climate risk, but wider vulnerabilities in the financial system and economy at large. "The purpose here is multi-fold," said Graham Sinden, head of climate risk at APRA, at a panel presentation ...

Investors outline roadmap for mandatory climate disclosure

RACHEL ALEMBAKIS  |  TUESDAY, 29 JUN 2021  |  NEWS
... Australian regulators and governments will have the data they need to maintain the stability of the Australian financial system in the face of growing and more frequent shocks from worsening climate change."

JANA hires first head of sustainability

RACHEL ALEMBAKIS  |  MONDAY, 24 MAY 2021  |  NEWS
Investment consulting firm JANA has hired Rachel Halpern as its first head of sustainability. Rachel Halpern joins JANA from Westpac Group, where she was executive manager for risk. She has had an established advisory career covering risk and commercial ...

APRA to conduct climate vulnerability assessment on banks

RACHEL ALEMBAKIS  |  THURSDAY, 6 MAY 2021  |  NEWS
... (CVA) which will assess not only their potential exposures to climate risk, but wider vulnerabilities in the financial system and economy at large. "We are also in the midst of work with the large banks in Australia with our CVA where we are finalising ...