BIS Launches Green Bonds Fund, RBNZ Affirms USD 100 Million Investment
BIS launched an open-ended fund for central bank investments in green bonds. The is denominated in US dollars, is structured according to Swiss law, belongs to the BIS Investment Pool (BISIP) family, and is managed in-house by BIS Asset Management. Meanwhile, RBNZ has affirmed its Climate Change Strategy through the investment of USD 100 million in green bonds. The climate change strategy of RBNZ focuses on the channels through which it can contribute to efforts to mitigate the effects of climate change. These include managing its own direct impact on the climate, reflecting climate risks in its core functions, and contributing to wider efforts to identify, monitor, and manage climate risks domestically and as part of the global regulatory community.
The BIS fund is a response to growing demand for climate-friendly investments among official institutions. The green bond fund initiative is intended to help central banks to incorporate environmental sustainability objectives in the management of their reserves. With the support of an advisory committee drawn from a global group of central banks, the fund pools BIS client assets to promote green finance through sizable climate-friendly investments and support the adoption of best market practices to deepen the green bond market. Eligible bonds have a minimum rating of A- and comply with the International Capital Market Association's Green Bond Principles and/or the Climate Bond Standard published by the Climate Bonds Initiative. The initiative is part of the broader commitment of BIS to supporting environmentally responsible finance and investment practices, in line with the BIS participation in the Central Banks and Supervisors' Network for Greening the Financial System (NGFS). Recently, BIS also published an article in the Quarterly Review that explores how environmental sustainability objectives might fit within central banks' reserve management frameworks.
Related Links
Keywords: International, Asia Pacific, New Zealand, Banking, Green Bonds Fund, Climate Change Risk, ESG, RBNZ, BIS
Previous Article
ESRB Welcomes FIN-FSA Decision to Extend Stricter Measure Under CRRRelated Articles
|
News
MAS Amends Notice 610 on Reporting Templates for Banks in SingaporeMAS published amendments to Notices 610 and 1003 related to submission of statistics and returns, along with the reporting templates and frequently asked questions (FAQs) associated with these Notices.
January 24, 2020
WebPage
Regulatory News
|
|
News
HKMA Updates Policy Module on Supervisory Review ProcessHKMA is issuing, by notice in the Gazette, revised versions of two Supervisory Policy Manual modules as statutory guidelines under section 7(3) of the Banking Ordinance. The Supervisory Policy Manual modules are CA-G-5 on “Supervisory Review Process” and SB-2 on “Leveraged Foreign Exchange Trading.”
January 24, 2020
WebPage
Regulatory News
|
|
News
PRA Amends Pillar 2 Capital Framework for BanksPRA published the policy statement PS2/20 that contains the final amendments to the Pillar 2 framework and provides feedback to responses to the consultation paper CP5/19 on updates related to Pillar 2 capital framework.
January 23, 2020
WebPage
Regulatory News
|
|
News
FED Proposes to Revise Information Collection Under Market Risk RuleFED proposed to revise and extend, for three years, FR 4201, which is the information collection under the market risk capital rule.
January 22, 2020
WebPage
Regulatory News
|
|
News
HKMA Consults on Stay Rules on Financial Contracts Under FIROHKMA published proposals for making rules related to contractual stays on termination rights in financial contracts for authorized institutions under FIRO or the Financial Institutions (Resolution) Ordinance (Cap. 628).
January 22, 2020
WebPage
Regulatory News
|
|
News
MAS Amends Notices on Minimum Liquid Asset Requirements for BanksMAS published amendments to Notices 1015, 613, and 649 related to the minimum liquid assets (MLA) requirements.
January 21, 2020
WebPage
Regulatory News
|
|
News
APRA Publishes Submission on Fintech and RegtechAPRA published its submission, to the Senate Select Committee, on financial technology and regulatory technology.
January 21, 2020
WebPage
Regulatory News
|
|
News
OSFI to Implement Operational Risk Capital Rules for Banks in Q1 2022OSFI decided to move domestic implementation of the revised Basel III operational risk capital requirements from the first quarter of 2021 to the first quarter of 2022.
January 20, 2020
WebPage
Regulatory News
|
|
News
ECB Consults on Guideline on Threshold for Credit Obligations Past DueECB published a draft guideline, along with the frequently asked questions (FAQs), on the definition of the materiality threshold for credit obligations past due for less significant institutions.
January 20, 2020
WebPage
Regulatory News
|
|
News
OSFI Consults on Instruction Guide for Termination of Pension PlanOSFI is consulting on draft revisions to the instruction guide for termination of a defined benefit pension plan.
January 20, 2020
WebPage
Regulatory News
|
