Khalid Azizuddin
Regional GFANZ chapter will also work on policy initiative and 'voluntary guidance' on transition strategies.
The climate targets initiative has been accused of sidelining staff and advisory bodies.
Parts of proposed global framework for prudential climate disclosures slammed as ‘out of sync’ with market practices.
Responsible Investor talks to asset managers about the pros and cons of the popular climate metric.
The move could see the East African country become a leader on climate supervision.
European Systemic Risk Board says tweaks to IFRS accounting standards could improve climate disclosures, while ESMA has separately proposed new ESG disclosure requirements for CRAs.
Requests around additionality were toned down in the final guidance, which the regulator says is 'in principle compatible' with global guidance.
Aside from changing lending practices, research found little evidence of other climate-aligned outcomes.
Asset managers say the decision to exit was taken after extended engagement efforts.
At the same time, banks were also found to be 'highly exposed' to transition risk.