Global Trustee and Fiduciary Services Bite-Sized Issue 5 2026

9 QUICK LINKS AI CRYPTOASSETS CYBER EMIR FINTECH FUND LIQUIDITY MICA SUSTAINABLE FINANCE/ESG T+1 ASIA PACIFIC EUROPE IRELAND NORTH AMERICA UNITED KINGDOM Global Trustee and Fiduciary Services Bite-Sized | Issue 5 | 2026 Both DRs will enter into force 20 days after their publication in the Official Journal of the European Union. Link to RTS on ESG Rating Activities here Link to RTS on Disclosure here Link to Regulation (EU) 2024/3005 here Report on “Navigating the Green Shift: Opportunities and the Evolving Landscape of Transition Finance” On 17 April 2026, the Hong Kong Institute for Monetary and Financial Research (HKIMR), the research armof the Hong Kong Academy of Finance (AoF), released a new Applied Research report, titled “Navigating the Green Shift: Opportunities and the Evolving Landscape of Transition Finance”. The HKIMR says that the report reviews the global transition finance landscape, examining the importance of multistakeholder collaborations and international best practices in preventing greenwashing and maintaining transparency. Based on a survey and in-depth interviews commissioned by the HKIMR, it says that the study captures insights from a diverse range of global stakeholders—including financial institutions and multilateral organisations—offering a detailed analysis of the current state, emerging trends, and future trajectory of the international transition finance ecosystem. HKIMR also says that the study reveals a clear momentum in transition finance, with 60% of survey respondents already either active in or exploring transition finance developments. Among a diverse range of financial instruments, equity and fund investments as well as debt instruments were the most commonly used tools to channel capital towards transition projects. As the ecosystem progressively matures, HKIMR says that a gradual shift towards more specialised instruments is anticipated. Respondents further observed that collaborative models, including blended finance approaches, can draw in private capital by enhancing the risk-return profiles of investments in transition projects. HKIMR says that the study also indicates that market outlook is cautiously optimistic, with 74% of respondents anticipating a stable or growing global transition finance market over the next three years. Positive sentiment is most pronounced in the Asia-Pacific region, where 91% of respondents expected stability or growth. Finally, the study outlines several considerations, including maintaining a high level of regulatory and policy clarity, and deepening regional collaborations, to support the development of a vibrant transition finance ecosystem in Hong Kong. Link to Report here Link to Opening Remarks by Eddie Yue, Chief Executive, HKMA, at the HKMA-AoF/HKIMR- CEPR International Conference on Climate, Capital, and Policy: Advancing Sustainable Economic Frameworks here (20 April 2026) Taskforce on Nature-related Financial Disclosures (TFND): Getting Started with Data and Metrics On 9 April 2026, the Green Finance Institute (GFI) published a new resource ‘TNFD: Getting Started with Data and Metrics – How are different sectors across the UK approaching data and metrics?’, which looks at howmajor UK businesses across five sectors are implementing TNFD guidance on metrics and incorporating these into decision-making processes. The GFI says that it’s a ‘how to’ guide for any UK business considering constructing TNFD-aligned metrics. The GFI says that TNFD-aligned metrics aim to measure and communicate how businesses impact and depend on nature, and how they are exposed to nature-related risks and opportunities. The GFI says that metrics provide a structured, decision-useful basis for organisations to integrate nature considerations into enterprise risk management and strategic planning processes, while also providing comparable and consistent information in disclosures to capital providers and other stakeholders.