Featured Product

    EC Consults on Fitness Check of the EU Framework for Public Reporting

    March 21, 2018

    EC launched a consultation on the fitness check on the EU framework for public reporting by companies. The consultation ends on July 21, 2018 and the responses received will feed into a staff working document on the fitness of the EU framework for public reporting by companies, which is to be published in 2019. This fitness check on the EU framework is one of the actions announced in the action plan on financing sustainable growth, which builds on the recommendations of the High Level Expert Group on sustainable finance.

    The EC consultation is intended to gather the views of interested parties on whether the current EU information disclosure requirements are still relevant to the intended purpose. The objectives of the consultation include the following:

    • Assess whether the EU public reporting framework is relevant for meeting the intended objectives; adds value at the European level; is effective, internally consistent, and coherent with other EU policies and is efficient and not unnecessarily burdensome
    • Review specific aspects of the existing legislation, as required by the EU law
    • Assess whether the EU public reporting framework is fit for new challenges, including those related to sustainability and digitalization.

    The consultation aims to obtain feedback from providers and users of financial and non-financial information; these include financial institutions, companies, regulatory and supervisory bodies, accounting and audit firms, investors, lenders, management, employees, trade unions, government authorities, tax authorities, credit rating agencies, equity analysts, business counterparties, and any other interested party—commercial, public, academic, or non-governmental, including private individuals, standard-setting bodies, and civil society. 


    Related Link: Consultation

    Comment Due Date: July 21, 2018

    Keywords: Europe, EU, Banking, Securities, Insurance, Fitness Check, Reporting, EC

    Featured Experts
    Related Articles
    News

    APRA Revises Related Entities Standard for Banks

    APRA published a strengthened prudential standard APS 222 on associations with related entities, with the aim to mitigate contagion risk within banking groups.

    August 20, 2019 WebPage Regulatory News
    News

    FSB on Responses to Consultation on Wind-Down of Trading Portfolios

    FSB published responses received to the consultation on the solvent wind-down of the derivatives and trading book portfolio of a global systemically important bank (G-SIB).

    August 19, 2019 WebPage Regulatory News
    News

    FSB Publishes Responses to Consultation on Resolvability Disclosures

    FSB published responses received to the consultation on disclosures for resolution planning and resolvability of banks.

    August 19, 2019 WebPage Regulatory News
    News

    HKMA Revises Implementation Schedule for Initial Margin Rules

    HKMA intends to adopt a revised implementation schedule for the margin requirements for non-centrally cleared derivatives.

    August 16, 2019 WebPage Regulatory News
    News

    HKMA Revises Guideline on Application of Banking Disclosure Rules

    HKMA issued a revised version of the Supervisory Policy Manual module CA-D-1 on guideline on the application of the Banking (Disclosure) Rules (BDR).

    August 16, 2019 WebPage Regulatory News
    News

    ECB Decision on Recognizing Reporting Member States Under AnaCredit

    ECB has finalized the Decision 2019/1348 (ECB/2019/20) that establishes procedure for recognizing non-euro area member states as reporting member states under the AnaCredit Regulation (EU 2016/867).

    August 16, 2019 WebPage Regulatory News
    News

    FASB Proposes to Extend CECL Standard Deadline for Certain Entities

    FASB proposed an Accounting Standards Update that would grant private companies, not-for-profit organizations, and certain small public companies additional time to implement FASB standards on current expected credit losses (CECL), leases, and hedging.

    August 15, 2019 WebPage Regulatory News
    News

    IASB Adds Phase Two of IBOR Reform to Its Work Plan

    IASB (or the Board) has added the second phase of its project focused on potential financial reporting implications linked to the interest rate benchmark reform—interbank offer rate (IBOR) reform—to its work plan.

    August 15, 2019 WebPage Regulatory News
    News

    FED Updates Draft Instructions for Proposed FR Y-14 Reporting Forms

    FED updated draft instructions for the monthly, quarterly, and annual capital assessments and stress testing reports, also known as forms FR Y-14M, FR Y-14Q, FR Y-14A, respectively.

    August 15, 2019 WebPage Regulatory News
    News

    FASB Proposes Taxonomy Changes Related to Topics 326, 815, and 842

    FASB is proposing taxonomy improvements for the proposed Accounting Standards Update on clarifying the interactions among topic 321 on investments in equity securities), topic 323 on investments under equity method and joint ventures), and topic 815 on derivatives and hedging.

    August 15, 2019 WebPage Regulatory News
    RESULTS 1 - 10 OF 3665