Publication
UK Carbon Border Adjustment Mechanism: how will it work?
In February, we reported on the Department of Energy Security and Net Zero’s confirmation that a UK Carbon Border Adjustment Mechanism (CBAM) would be bought into force by 2027
Global | Publication | October 2015
As many financial market participants will already be aware, the Australian Financial Markets Association (AFMA) recently announced that the change to T+2 settlement for secondary market traded fixed income products will go live on 7 March 2016.
This change is intended to complement the Australian Securities Exchange’s (ASX) move to T+2 settlement for cash equities, with the ASX currently targeting the same transition date for those and other types of CHESS eligible securities. It also brings Australia into line with other major markets across the world, with other jurisdictions currently either examining or in the process of implementing the change (USA, Canada, Japan) or having already completed a move to T+2 (European Union, Hong Kong and South Korea).
So what does this mean for the Australian fixed income markets?
As noted by the ASX and AFMA, the change reflects a desire to achieve further market efficiency and reduce counterparty risk for individual investors, participants and the central counterparty, with the expectation that this will result in reduced systemic risk for the market as a whole. The change is an important step towards ensuring that Australia’s fixed income markets conform to global best practice and further settlement harmonisation.
Publication
In February, we reported on the Department of Energy Security and Net Zero’s confirmation that a UK Carbon Border Adjustment Mechanism (CBAM) would be bought into force by 2027
Publication
Last November the Financial Conduct Authority (FCA) published Policy Statement 23/16 (PS23/16) containing final rules and guidance on sustainability disclosure requirements (SDR) and investment labels (UK SDR regime).
Publication
International financial markets have started to show significant interest in nature and biodiversity. Whilst climate change and greenhouse gas emissions have made the headlines in recent years, there has been much less focus on their equally important counterparts, nature and biodiversity. However, that has started to change.
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