Featured Product

    BIS Launches Green Bonds Fund, RBNZ Affirms USD 100 Million Investment

    September 27, 2019

    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

    Related Articles
    News

    EBA Updates List of Validation Rules for Reporting by Banks

    EBA issued a revised list of validation rules with respect to the implementing technical standards on supervisory reporting.

    September 10, 2020 WebPage Regulatory News
    News

    EBA Responds to EC Call for Advice to Strengthen AML/CFT Framework

    EBA published its response to the call for advice of EC on ways to strengthen the EU legal framework on anti-money laundering and countering the financing of terrorism (AML/CFT).

    September 10, 2020 WebPage Regulatory News
    News

    NGFS Advocates Environmental Risk Analysis for Financial Sector

    NGFS published a paper on the overview of environmental risk analysis by financial institutions and an occasional paper on the case studies on environmental risk analysis methodologies.

    September 10, 2020 WebPage Regulatory News
    News

    MAS Issues Guidelines to Promote Senior Management Accountability

    MAS published the guidelines on individual accountability and conduct at financial institutions.

    September 10, 2020 WebPage Regulatory News
    News

    APRA Formalizes Capital Treatment and Reporting of COVID-19 Loans

    APRA published final versions of the prudential standard APS 220 on credit quality and the reporting standard ARS 923.2 on repayment deferrals.

    September 09, 2020 WebPage Regulatory News
    News

    SRB Chair Discusses Path to Harmonized Liquidation Regime for Banks

    SRB published two articles, with one article discussing the framework in place to safeguard financial stability amid crisis and the other article outlining the path to a harmonized and predictable liquidation regime.

    September 09, 2020 WebPage Regulatory News
    News

    FSB Workshop Discusses Preliminary Findings of Too-Big-To-Fail Reforms

    FSB hosted a virtual workshop as part of the consultation process for its evaluation of the too-big-to-fail reforms.

    September 09, 2020 WebPage Regulatory News
    News

    ECB Updates List of Supervised Entities in EU in September 2020

    ECB updated the list of supervised entities in EU, with the number of significant supervised entities being 115.

    September 08, 2020 WebPage Regulatory News
    News

    OSFI Identifies Focus Areas to Strengthen Third-Party Risk Management

    OSFI published the key findings of a study on third-party risk management.

    September 08, 2020 WebPage Regulatory News
    News

    FSB Extends Implementation Timeline for Framework on SFTs

    FSB is extending the implementation timeline, by one year, for the minimum haircut standards for non-centrally cleared securities financing transactions or SFTs.

    September 07, 2020 WebPage Regulatory News
    RESULTS 1 - 10 OF 5796