The European Council has agreed its position on the proposal on the European Green Bonds Regulation while the European Commission (EC) published a study on inclusive web accessibility for persons with cognitive disabilities.
Proposed European Green Bonds Regulation. The European Council agreed its position on European Green Bonds, one of the main instruments for financing investments related to green technologies, energy efficiency, resource efficiency and sustainable transport and research infrastructure. The regulation lays down uniform requirements for issuers of bonds that wish to use the designation "European Green Bond" or "EuGB" for their environmentally sustainable bonds made available to investors in the European Union. The regulation also establishes a registration system and supervisory framework for external reviewers of European green bonds. Moving forward, the Council will start negotiations with the European Parliament to agree on a final version of the text.
Inclusive web accessibility for persons with cognitive disabilities. This European Commission study provides a comprehensive overview of research on the barriers to cognitive accessibility and the factors that have an impact on the autonomy and participation of persons with cognitive disabilities in the digital environment. The study makes practical proposals to improve independent and inclusive access in the areas of web accessibility requirements, web design, awareness-raising, education, technology, and personalization. The report notes that correct use of the W3C Web Content Accessibility Guidelines (WCAG) may improve access for all users, including people with cognitive disabilities. However, the particular obstacles faced by these individuals and appropriate resolutions are not well-understood by developers or designers of technology. To address this, one suggestion made by stakeholders is to make web accessibility knowledge compulsory for information and communications technology students. The study also highlights the following key recommendations and improvement areas to overcome these barriers:
- Adding more visual support for orientation, navigation, operability, and understanding to help people use websites independently
- Focusing on requirements that consider the relationship between several elements on the same page or in a process. While many of the existing requirements focus on one element at a time, a common barrier to cognitive accessibility is excessive complexity stemming from the interplay of several elements in an interface
- Offering support for individual options by making it easier for the user to customize the interface to their needs, including through different modalities
- Raising awareness that cognitive accessibility benefits everyone
- Press Release on Green Bonds
- Regulation on Green Bonds
- Press Release on Web Accessibility
- Study on Web Accessibility (PDF)
Keywords: Europe, EU, Banking, Sustainable Finance, Green Bonds, Climate Change Risk, ESG, Green Bond Standard, Disclosures, Cognitive Accessibility, Securities, Web Accessibility, Accessibility, EC, WCAG, W3C
Dr. Denton provides industry leadership in the quantification of sustainability issues, climate risk, trade credit and emerging lending risks. His deep foundations in market and credit risk provide critical perspectives on how climate/sustainability risks can be measured, communicated and used to drive commercial opportunities, policy, strategy, and compliance. He supports corporate clients and financial institutions in leveraging Moody’s tools and capabilities to improve decision-making and compliance capabilities, with particular focus on the energy, agriculture and physical commodities industries.
Previous ArticleESAs Assess Risks While EBA Publishes Risk Retention Standards
The European Commission (EC) published the Delegated Regulation 2022/786 with regard to the liquidity coverage requirements for credit institutions under the Capital Requirements Regulation (CRR).
The European Banking Authority (EBA) published the final draft regulatory technical standards specifying the criteria to identify shadow banking entities for the purposes of reporting large exposures.
The European Insurance and Occupational Pensions Authority (EIOPA) published a report assessing insurers' exposure to physical climate change risks
The Network for Greening the Financial System (NGFS) published two reports to aid central banks and regulators in their oversight of the financial sector and in their central bank operations
The European Commission (EC) published the results of a public consultation, held in October 2021, on the review of the Web Accessibility Directive.
The Monetary Authority of Singapore (MAS) and the SC-STS are jointly consulting, until June 10, 2022, on setting adjustment spreads for the conversion of legacy SOR contracts to SORA reference rate.
The Office of the Superintendent of Financial Institutions (OSFI) published the strategic plan for 2022-2025 and the departmental plan for 2022-23.
The European Banking Authority (EBA) is consulting, until August 31, 2022, on the draft implementing technical standards specifying requirements for the information that sellers of non-performing loans (NPLs) shall provide to prospective buyers.
The European Council and the Parliament reached an agreement on the revised Directive on security of network and information systems (NIS2 Directive).
The European Banking Authority (EBA) published the final draft regulatory technical standards specifying information that crowdfunding service providers shall provide to investors on the calculation of credit scores and prices of crowdfunding offers.