Japan introduces reforms to boost asset management sector
December 21st, 2023
The Government of Japan has published a new policy plan to position the country as a leading asset management centre, including corporate governance reforms.
The ‘Policy Plan for …
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DQ Entertainment fine highlights importance of governance breaches
December 21st, 2023
Three directors of DQ Entertainment have been fined $30.8 million in a landmark ruling for fraudulent and reckless trading and other breaches of company law.
Directors Rashida Adenwala, Tapaas …
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FRC identifies TCFD disclosures as area of focus
December 14th, 2023
The Financial Reporting Council (FRC) will include climate-related risks, including Task Force on Climate-Related Financial Disclosures (TCFD), as one of its key areas of supervisory focus for 2024/25 financial …
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SEC delays climate disclosure rules
December 12th, 2023
The Securities and Exchange Commission (SEC) has pushed the expected adoption of its final climate disclosure rules until April 2024.
The US regulator released its Fall 2023 Reg Flex Agenda, which …
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IFRS takes over monitoring climate-related disclosures from TCFD
December 8th, 2023
The International Financial Reporting Standards Foundation (IFRS) will oversee companies’ climate-related disclosures following the disbanding of the Task Force for Climate-related Financial Disclosures (TCFD).
The Financial Stability Board (FSB) …
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Report finds major banks are financing deforestation and biodiversity loss
December 7th, 2023
Banks have poured $307bn into high-risk forestry and agriculture companies linked to tropical deforestation since the Paris Agreement was signed, a report by the Forests & Finance …
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GRI and EFRAG partner for interoperability index
December 6th, 2023
The Global Reporting Initiative (GRI) and the European Financial Reporting Advisory Group (EFRAG) have partnered to launch the GRI-ESRS Interoperability Index, which gives guidance on how to align both …
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Asset managers are failing asset owners on stewardship
December 1st, 2023
The UK Asset Owner Stewardship Review has found considerable misalignment and misunderstanding on stewardship issues between asset owners and asset managers.
The review is based on findings from the …
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