Policy & Regulatory Affairs
AFB Annual Regulatory Conference – Session 2: How Can Non-UK Banks Manage the Introduction of the UK Taxonomy?
05 February 2023
How Can Non-UK Banks Manage the Introduction of the UK Taxonomy?
Panel Discussion and Q&A
Ryan Jude, Programme Director, Green Finance Institute
Bobby Charalambous, Climate Risk Director – Group Regulatory Compliance and Policy, Australia and New Zealand Banking Group
Derek Lawlor, Partner, Simmons & Simmons
Chaired by Nadia Humphries, Business Manager, Sustainable Regulatory and Finance Solutions, Bloomberg
This session covered:
- What the UK Green Taxonomy should include and how the Government can ensure its international operability, with reference to the Green Technical Advisory Group’s (GTAG) International Operability Report (here) and recommendations to the Government
- The experiences of banks in their implementation of the EU’s Taxonomy Regulation and the lessons for non-UK banks in overcoming stumbling blocks and reporting burdens
- How Taxonomies can be a tool for banks in measuring risk, and their practical challenges and benefits so far