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People Moves, 23 August: HSBC AM, DSP Mutual Fund ... and more

Swedish regulator readies climate stress test as it warns against 'coasting' on climate

Sweden's financial markets regulator has warned financial institutions against "coasting" on the topic of sustainability, as it revealed it will run a climate-related scenario analysis exercise, as part of their annual stress tests.

Swedish regulator opposes easing capital rules for green investments

The Swedish financial supervisory authority has opposed proposals to cut the capital requirements required by pension funds for their 'green' investments, the latest intervention by a global regulator in the so-called 'green supporting factor' debate.

IOSCO establishes task force on sustainable finance

The board of the International Organisation of Securities Commissions (IOSCO) has established a task force on sustainable finance, with the aim of improving sustainability-related disclosures by issuers and asset managers.

Riksbank divestments ‘open floodgates’ to questions on climate divestment

The Swedish Riksbank’s climate-related divestment from carbon-intensive issuers is set to ramp up the pressure on other investors who hold the bonds, demonstrating the potential influence of central banks on climate change, market observers have said.

People moves: IOSCO, London Stock Exchange Group, Simmons & Simmons, UBS

Peter Damgaard Jensen has been appointed as co-organizer of the newly founded Global Commission on Adaptation. Damgaard Jensen also acts as CEO of Danish pension scheme PKA and chair of the Institutional Investors Group on Climate Change (IIGCC), an investor association taking action to support a low-carbon future.

EF BRIEFS: TenneT, Finansinspektionen, World Bank, AMP

Dutch grid operator TenneT has said it will issue green bonds to help finance its €22 billion ($24 billion) decade-long expansion plan.