ESAs are organizing, on July 02, 2020, a public hearing on the proposed environmental, social, and governance (ESG) disclosure standards. The aim of the hearing is to explain and discuss the content of the consultation paper (published on April 23) on the draft regulatory technical standards under the regulation on sustainability‐related disclosures in the financial services sector. The hearing will be of interest to any stakeholder affected by this regulation such as financial market participants, financial advisers (including their representative associations, environmental associations, investor representatives or consumer bodies), consultants, academics, and representatives from EU and national institutions.
The consultation paper, which is to be discussed at the hearing, seeks the views of interested parties on draft regulatory technical standards on sustainability‐related disclosures in the financial services sector (Regulation 2019/2088). The regulatory technical standards contain proposals on entity-level disclosures on the principal adverse impact that investment decisions have on sustainability factors and on the pre-contractual, website, and periodic disclosures for products with environmental or social characteristics or objectives. The technical standards on product disclosures also lay down the information to be provided by products that have designated a sustainable index as a reference benchmark. These draft regulatory technical standards on content, methodology, and presentation of ESG disclosures have been developed under the Sustainable Finance Disclosure Regulation or SFDR.
Keywords: Europe, EU, Banking, Insurance, Securities, ESG, Sustainable Finance, Regulatory Technical Sustainable Finance, Climate Change Risk, ESAs
Previous ArticleEIOPA Supports ESRB Views on Liquidity Risk Monitoring for Insurers
Next ArticleBCL Updates Documentation for AnaCredit Reporting
HKMA announced that enhancements will be made to the Special 100% Loan Guarantee of the SME Financing Guarantee Scheme (SFGS) and the application period will be extended to December 31, 2021.
EBA launched consultations on the regulatory and implementing technical standards on cooperation and information exchange between competent authorities involved in prudential supervision of investment firms.
BoE has set out a three-phased plan to transform data collection from the UK financial sector over the next decade.
BIS recently made a couple of announcements with respect to the planned and ongoing work in the area of financial technology.
ESRB updated the list of national macro-prudential measures applied by each member state in the European Economic Area.
BoE has set out results of a survey on the impact of COVID-19 events on the use of machine learning and data science.
In response to a request from the European Council and Parliament, ECB published an opinion on the proposed regulation on markets in crypto-assets.
APRA announced the updated aggregate amounts for the 2021 Committed Liquidity Facility (CLF) established between the Reserve Bank of Australia (RBA) and certain locally incorporated authorized deposit-taking institutions that are subject to the Liquidity Coverage Ratio (LCR).
ECB published supervisory Memorandums of Understanding (MoUs) with UK as well as other European and non-European authorities.
EIOPA identified business model sustainability and adequate product design as the two EU-wide strategic supervisory priorities.