Financial Supervision for the Green Transition: Comparative Insights From the <scp>EU</scp>, Hungary, and Singapore
グリーン移行のための金融監督：EU、ハンガリー、シンガポールからの比較洞察 (AI 翻訳)
Gábor Hulkó, János Kálmán, András Lapsánszky
🤖 gxceed AI 要約
日本語
本論文は、EU、ハンガリー、シンガポールの3つの管轄区域における金融監督当局がESG目標を規制に統合する方法を比較分析する。ルールベースのEU、中央銀行主導のハンガリー、原則ベースのシンガポールという3つの監督モデルを特定し、制度的柔軟性と適応的ガバナンスの重要性を強調する。
English
This paper compares how financial supervisory authorities in the EU, Hungary, and Singapore integrate ESG objectives into regulation. It identifies three supervisory models: rule-based (EU), central bank-led (Hungary), and principle-based (Singapore), highlighting the importance of institutional flexibility and adaptive governance.
Unofficial AI-generated summary based on the public title and abstract. Not an official translation.
📝 gxceed 編集解説 — Why this matters
日本のGX文脈において
日本では、金融庁がサステナブルファイナンス有識者会議を開催し、ESG監督の枠組みを模索中。本論文の比較分析は、日本の監督モデル設計に示唆を与える。
In the global GX context
As financial supervisors globally grapple with ESG integration, this comparative study offers a typology of supervisory models that can inform regulatory design, especially for jurisdictions like the US and Japan that are developing their approaches.
👥 読者別の含意
🔬研究者:Provides a novel typology of ESG supervisory models based on institutional logics and governance mechanisms.
🏢実務担当者:Offers insights into how different supervisory approaches (rule-based, responsive, principle-based) affect compliance and innovation.
🏛政策担当者:Highlights the trade-offs between legal harmonization, flexibility, and market collaboration in designing ESG supervision.
📄 Abstract（原文）
ABSTRACT This paper examines how financial supervisory authorities integrate Environmental, Social, and Governance (ESG) objectives into their regulatory mandates amid the accelerating green transition. It aims to understand how institutional variation shapes supervisory strategies for sustainable finance. The study employs a qualitative, comparative case study design across three jurisdictions: the European Union, Hungary, and Singapore. Drawing on regulatory theory and document analysis, this study identifies the key institutional logics, instruments, and governance mechanisms through which ESG considerations are embedded in financial supervision. The analysis reveals three supervisory models: the EU's rule‐based legal harmonization through taxonomy and disclosure mandates, Hungary's responsive approach led by the central bank using soft tools and innovation, and Singapore's principle‐based framework emphasizing strategic guidance and market collaboration. These pluralistic pathways highlight that ESG integration is shaped by legal mandates, legitimacy concerns, and adaptive governance. This study provides insights to policymakers and supervisors seeking to align financial oversight with sustainability objectives. This emphasizes the importance of institutional flexibility, regulatory legitimacy, and hybrid governance in designing effective ESG supervision frameworks. This study contributes to the literature on sustainable finance and regulatory governance by offering a comparative perspective on how financial supervision evolves in response to ESG risks. It advances a novel typology of supervisory models that can inform future regulatory design and policy debates.
🔗 Provenance — このレコードを発見したソース
- openaire https://doi.org/10.1002/tie.70039first seen 2026-05-05 19:07:24
gxceed は公開メタデータに基づく研究支援データセットです。要約・翻訳・解説は AI 支援で生成されています。 最終的な解釈・検証は利用者が原典資料に基づいて行うことを前提とします。