Featured Product

    EC Technical Expert Group Issues Proposal for EU Green Bond Standard

    March 06, 2019

    The Technical Expert Group on Sustainable Finance (TEG), which EC had set up in July 2018, published an interim report on its preliminary recommendations for the development of an EU Green Bond Standard, along with the status of the work conducted so far (as of February 2019). Stakeholders can comment on the interim report by responding to a targeted questionnaire by April 03, 2019.

    The interim report presents the status of the work conducted so far (as of February 2019) on the EU Green Bond Standard (by TEG), provides a rationale for action, and explains how such a standard should be developed and implemented in Europe. The report proposes the content of a draft EU Green Bond Standard (Annex 1), explains the purpose of the standard, sets the ambition level, and explains how the creation of the EU Green Bond Standard will address barriers to market development. The report also provides a preliminary guidance to EC on the proposed way forward for the EU Green Bond Standard, including the creation of a centralized accreditation regime for external verifiers, and proposes possible legislative initiatives or amendments. Finally, the report elaborates on possible incentives, based on the EU Green Bond Standard, to enhance the growth of green bond issuance and the links with other sustainable financing instruments in a wider context. The report should also feed into the work being launched in parallel by EC on the potential EU Ecolabel for green financial products.

    The proposed voluntary EU Green Bond Standard by TEG is compatible with the existing market practices and builds on these market practices. The standard would rely on a strong verification and accreditation structure and will be closely linked to the new EU-wide classification system for environmentally sustainable economic activities (EU taxonomy). Feedback is requested on key barriers to the development of the green bond market, eligible use of proceeds raised, reporting and verification requirements, and possible incentives to help the European green bond market grow. The results of this exercise will feed into the work of the TEG and its final recommendations to EC, which will be presented in June 2019.

     

    Related Links

    Comment Due Date: April 03, 2019

    Keywords: Europe, EU, Banking, Securities, Sustainable Finance, Green Bond Standard, TEG, EC

    Related Articles
    News

    ECB Finalizes Methodology to Assess CCR and A-CVA Risk of Banks

    ECB finalized the guide on assessment methodology for the internal model method for calculating exposure to counterparty credit risk (CCR) and the advanced method for own funds requirements for credit valuation adjustment (A-CVA) risk.

    September 18, 2020 WebPage Regulatory News
    News

    EBA Provides Opinion on Definition of Credit Institution in CRR

    EBA published an Opinion addressed to EC to raise awareness about the opportunity to clarify certain issues related to the definition of credit institution in the upcoming review of the Capital Requirements Directive and Regulation (CRD and CRR).

    September 18, 2020 WebPage Regulatory News
    News

    APRA Consults on Alignment of Daily Liquidity Report for Banks

    APRA is consulting on updates to ARS 210.0, the reporting standard that sets out requirements for provision of information on liquidity and funding of an authorized deposit-taking institution.

    September 17, 2020 WebPage Regulatory News
    News

    FED Releases Scenarios for Second Round of Stress Tests on Banks

    FED released hypothetical scenarios for a second round of stress tests for banks.

    September 17, 2020 WebPage Regulatory News
    News

    PRA Announces Update on Supervisory Benchmarking Portfolio Exercise

    PRA published updates in relation to the 2021 Supervisory Benchmarking Portfolio exercise.

    September 14, 2020 WebPage Regulatory News
    News

    FED Revises and Extends Capital Assessment and Stress Testing Reports

    FED adopted a proposal to extend for three years, with revision, the capital assessments and stress testing reports (FR Y-14A/Q/M; OMB No. 7100-0341).

    September 14, 2020 WebPage Regulatory News
    News

    HKMA Updates Policy Module for Non-Centrally Cleared OTC Derivatives

    HKMA revised the Supervisory Policy Manual module CR-G-14 on margin and other risk mitigation standards for non-centrally cleared over-the-counter (OTC) derivatives transactions.

    September 11, 2020 WebPage Regulatory News
    News

    EBA Updates List of Validation Rules for Reporting by Banks

    EBA issued a revised list of validation rules with respect to the implementing technical standards on supervisory reporting.

    September 10, 2020 WebPage Regulatory News
    News

    EBA Responds to EC Call for Advice to Strengthen AML/CFT Framework

    EBA published its response to the call for advice of EC on ways to strengthen the EU legal framework on anti-money laundering and countering the financing of terrorism (AML/CFT).

    September 10, 2020 WebPage Regulatory News
    News

    NGFS Advocates Environmental Risk Analysis for Financial Sector

    NGFS published a paper on the overview of environmental risk analysis by financial institutions and an occasional paper on the case studies on environmental risk analysis methodologies.

    September 10, 2020 WebPage Regulatory News
    RESULTS 1 - 10 OF 5803