Featured Product

    EC Announces Members of Platform on Sustainable Finance

    October 01, 2020

    EC published the list of members of the Platform on Sustainable Finance and appointed Nathan Fabian, from the UN Principles for Responsible Investment (PRI), as the Chair of the Platform. Mr. Fabian has served as rapporteur for the taxonomy sub-group of the Technical Expert Group on Sustainable Finance (TEG) and he has fifteen years of experience in sustainable finance in government policy, investment research and ratings on companies, and the development of investment processes and tools. The Platform will advise EC on the development of technical screening criteria for the EU taxonomy and policy development, among other things, as required by the Taxonomy Regulation.

    The Platform is an advisory body subject to the EC's horizontal rules for expert groups and is made up of experts from the private and public sector. In response to the call for applications published in June 2020, EC has selected 50 members and 9 special observers on the basis of their environmental, sustainable finance, or social/human rights expertise. The member list includes individuals from organizations such as BusinessEurope, Climate Bonds Initiative (CBI), Finance Watch, Green and Sustainable Finance Cluster Germany, Global Reporting Initiative (GRI), International Capital Market Association (ICMA), Bloomberg, and BNP Paribas. The directly appointed members according to Article 20 of the Taxonomy Regulation are EBA, EIOPA, ESMA, European Environment Agency (EEA), European Investment Bank (EIB), European Investment Fund (EIF), and European Union Agency for Fundamental Rights (FRA). This group of experts will have four main tasks

    • Advise EC on the technical screening criteria for the EU Taxonomy, including on the usability of the criteria
    • Advise EC on the review of the Taxonomy Regulation and on covering other sustainability objectives, including social objectives and activities that significantly harm the environment
    • Monitor and report on capital flows toward sustainable investments
    • Advise EC on sustainable finance policy more broadly

     

    Related Links

    Keywords: Europe, EU, Banking, Insurance, Securities, Sustainable Finance, ESG, Climate Change Risk, Platform on Sustainable Finance, Taxonomy Regulation, EC

    Related Articles
    News

    HKMA Sets Out Regulatory Treatment for Personal Loan Guarantee Scheme

    HKMA has published a circular that sets out the regulatory and reporting treatment for loans that participating authorized institutions may grant to eligible borrowers under the 100% Personal Loan Guarantee Scheme.

    April 20, 2021 WebPage Regulatory News
    News

    ECB Completes Targeted Review of Internal Models of Banks

    ECB published the results of the assessment of internal models that banks use to calculate risk-weighted assets for credit, market, and counterparty credit risks.

    April 19, 2021 WebPage Regulatory News
    News

    PRA on Regulatory Treatment of Loans Under Mortgage Guarantee Scheme

    PRA published a statement on the regulatory treatment of retail residential mortgage loans under the Mortgage Guarantee Scheme, or MGS.

    April 19, 2021 WebPage Regulatory News
    News

    FCA Consults on Rules and Reporting Forms for Investment Firms Regime

    FCA is consulting, via CP21/7, on the second phase of proposed rules to introduce the UK Investment Firm Prudential Regime (IFPR).

    April 19, 2021 WebPage Regulatory News
    News

    HMT and BoE Decide to Explore Central Bank Digital Currency in UK

    HM Treasury and BoE announced the joint creation of a Central Bank Digital Currency (CBDC) Taskforce to coordinate the exploration of a potential central bank digital currency in UK.

    April 19, 2021 WebPage Regulatory News
    News

    EIOPA Sets Out Expectations on Use of Climate Risk Scenarios in ORSA

    EIOPA published an opinion to set out its expectations on the supervision of the integration of climate change risk scenarios by insurers in their Own Risk and Solvency Assessment (ORSA).

    April 19, 2021 WebPage Regulatory News
    News

    EC Sets Out Standards for MREL Reporting by Competent Authorities

    EC published the Implementing Regulation 2021/622 that lays down implementing technical standards for reporting of the minimum requirement for own funds and eligible liabilities (MREL).

    April 16, 2021 WebPage Regulatory News
    News

    BCBS to Advance Work on Suptech, Climate Risk, and Basel Monitoring

    BCBS has set out the strategic work priorities, as part of its the work program for 2021-22.

    April 16, 2021 WebPage Regulatory News
    News

    Bundesbank Updates AnaCredit Reporting Requirements

    Bundesbank published two circulars on AnaCredit reporting requirements. Circular 27/2021 covers changes to the reporting of branches, additional attributes to be reported for investment funds from August 01, 2021, and updates to the list of international organizations.

    April 16, 2021 WebPage Regulatory News
    News

    PRA Finalizes Supervisory Approach for Non-Systemic Banks in UK

    PRA published the policy statement PS8/21, which contains the final supervisory statement SS3/21 on the PRA approach to supervision of the new and growing non-systemic banks in UK.

    April 15, 2021 WebPage Regulatory News
    RESULTS 1 - 10 OF 6874