New Zealand is a step closer to implementing mandatory climate risk reporting standards, having kicked off final consultation for a full exposure draft on 28 July. The New Zealand External Reporting Board says its iterative approach to developing a local standard remains key to parlaying voluntary reporting frameworks into an enforceable domestic regime.
The US private placement market, known for its reliable liquidity even in periods of volatility, did more than stay open throughout COVID-19. Record volume printed in 2021 even as a normally reliable issuance source, Australasian corporate borrowers, leaned more on domestic funding options. Australian and New Zealand issuers are now drifting back toward USPP issuance.