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On March 30, 2021, finance ministers and central bank governors
from members of the Association of Southeast Asian Nations
(
ASEAN) announced their support for an ASEAN Taxonomy
of Sustainable Finance (
ASEAN Taxonomy). Like the
Taxonomy Regulation in the European Union, the
ASEAN Taxonomy will serve as ASEAN s common language for
sustainable finance and account for both international goals and
ASEAN s specific needs. The initiative is supported by a range
of ASEAN bodies, including its Capital Markets Forum, Insurance
Regulators Meeting, Senior Level Committee on Financial
Integration and Working Committee on Capital Market
Date
15/03/2021
The ASEAN Capital Markets Forum (ACMF) endorsed the ACMF Action Plan 2021-2025 (“Action Plan”) during its 34
th ACMF Chairs Meeting hosted virtually by Autoriti Monetari Brunei Darussalam. In realising the ACMF Vision 2025, the Action Plan sets out three strategic objectives namely (i) fostering growth and recovery with sustainability, (ii) promoting and sustaining inclusiveness; and (iii) strengthening and maintaining orderliness and resilience. The five key priorities that support the strategic objectives are: (i) driving higher levels of transparency and disclosure, (ii) continuing with regulatory harmonisation, (iii) intensifying capacity building, (iv) amplifying communication and awareness building; and (v) strengthening co-operation and co-ordination.