ACPR Establishes Climate and Sustainable Finance Committee
ACPR published a decision establishing the Climate and Sustainable Finance Committee, which will work on addressing the issues related to sustainable finance. The committee was set up to inform the strategic orientations and decisions of the Supervisory Board of ACPR regarding governance and prevention of climate risks, compliance with the commitments to sustainability, and incentives for sustainable financing. The Annex to the decision provides the list of committee members.
The committee has been tasked with addressing issues related to financing of the transition to a low-carbon and sustainable economy for institutions falling within its field of competence. It will promote a constructive dialog between all stakeholders on measuring and communicating commitments on the sustainable finance agenda, to ensure comparability and follow-up over time. The committee will also contribute to the development of methodologies for treatment of these commitments jointly with the Autorité des marchés financial institutions (AMF). It has been mandated to contribute to the work of ACPR, particularly in the form of proposals for the joint report published with AMF. This joint report will contain recommendations to improve the monitoring of the commitments and to develop the tools and regulatory framework for development of sustainable finance.
Related Link (in French): Notification (PDF)
Keywords: Europe, France, Banking, Climate and Sustainable Finance Committee, Sustainable Finance, ESG, Climate Change Risk, ACPR
Previous Article
OCC Proposes to Revise Home Mortgage Disclosures Under Regulation CRelated Articles
EBA Publishes Final Regulatory Standards on STS Securitizations
The European Banking Authority (EBA) published the final draft regulatory technical standards specifying and, where relevant, calibrating the minimum performance-related triggers for simple.
ECB Further Reviews Costs and Benefits Associated with IReF
The European Central Bank (ECB) is undertaking the integrated reporting framework (IReF) project to integrate statistical requirements for banks into a standardized reporting framework that would be applicable across the euro area and adopted by authorities in other EU member states.
EBA Publishes Funding Plans Report, Receives EMAS Certification
The European Banking Authority (EBA) has been awarded the top European Standard for its environmental performance under the European Eco-Management and Audit Scheme (EMAS).
MAS Launches SaaS Solution to Simplify Listed Entity ESG Disclosures
The Monetary Authority of Singapore (MAS) set out the Financial Services Industry Transformation Map 2025 and, in collaboration with the SGX Group, launched ESGenome.
BCBS to Finalize Crypto Rules by End-2022; US to Propose Basel 3 Rules
The Basel Committee on Banking Supervision met, shortly after a gathering of the Group of Central Bank Governors and Heads of Supervision (GHOS), the oversight body of BCBS.
IOSCO Welcomes Work on Sustainability-Related Corporate Reporting
The International Organization of Securities Commissions (IOSCO) welcomed the work of the international audit and assurance standard setters—the International Auditing and Assurance Standards Board (IAASB)
BoE Allows One-Day Delay in Statistical Data Submissions by Banks
The Bank of England (BoE) published a Statistical Notice (2022/18), which informs that due to the Bank Holiday granted for Her Majesty Queen Elizabeth II’s State Funeral on Monday September 19, 2022.
ACPR Amends Reporting Module Timelines Under EBA Framework 3.2
The French Prudential Control and Resolution Authority (ACPR) announced that the European Banking Authority (EBA) has updated its filing rules and the implementation dates for certain modules of the EBA reporting framework 3.2.
ECB Paper Discusses Disclosure of Climate Risks by Credit Agencies
The European Central Bank (ECB) published a paper that examines how credit rating agencies accepted by the Eurosystem, as part of the Eurosystem Credit Assessment Framework (ECAF)
APRA to Modernize Prudential Architecture, Reduces Liquidity Facility
The Australian Prudential Regulation Authority (APRA) announced reduction in the aggregate Committed Liquidity Facility (CLF) for authorized deposit-taking entities to ~USD 33 billion on September 01, 2022.
