Featured Product

    ESAs to Discuss Proposed ESG Disclosure Standards with Stakeholders

    June 09, 2020

    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. 


    Related Links

    Keywords: Europe, EU, Banking, Insurance, Securities, ESG, Sustainable Finance, Regulatory Technical Sustainable Finance, Climate Change Risk, ESAs

    Featured Experts
    Related Articles

    EBA Launches Stress Tests for Banks, Issues Other Updates

    The European Banking Authority (EBA) launched the 2023 European Union (EU)-wide stress test, published annual reports on minimum requirement for own funds and eligible liabilities (MREL) and high earners with data as of December 2021.

    January 31, 2023 WebPage Regulatory News

    EBA Proposes Standards for IRRBB Reporting Under Basel Framework

    The European Banking Authority (EBA) proposed implementing technical standards on the interest rate risk in the banking book (IRRBB) reporting requirements, with the comment period ending on May 02, 2023.

    January 31, 2023 WebPage Regulatory News

    FED Issues Further Details on Pilot Climate Scenario Analysis Exercise

    The U.S. Federal Reserve Board (FED) set out details of the pilot climate scenario analysis exercise to be conducted among the six largest U.S. bank holding companies.

    January 17, 2023 WebPage Regulatory News

    US Agencies Issue Several Regulatory and Reporting Updates

    The Board of Governors of the Federal Reserve System (FED) adopted the final rule on Adjustable Interest Rate (LIBOR) Act.

    January 04, 2023 WebPage Regulatory News

    ECB Issues Multiple Reports and Regulatory Updates for Banks

    The European Central Bank (ECB) published an updated list of supervised entities, a report on the supervision of less significant institutions (LSIs), a statement on macro-prudential policy.

    January 01, 2023 WebPage Regulatory News

    HKMA Keeps List of D-SIBs Unchanged, Makes Other Announcements

    The Hong Kong Monetary Authority (HKMA) published a circular on the prudential treatment of crypto-asset exposures, an update on the status of transition to new interest rate benchmarks.

    December 30, 2022 WebPage Regulatory News

    EU Issues FAQs on Taxonomy Regulation, Rules Under CRD, FICOD and SFDR

    The European Commission (EC) adopted the standards addressing supervisory reporting of risk concentrations and intra-group transactions, benchmarking of internal approaches, and authorization of credit institutions.

    December 29, 2022 WebPage Regulatory News

    CBIRC Revises Measures on Corporate Governance Supervision

    The China Banking and Insurance Regulatory Commission (CBIRC) issued rules to manage the risk of off-balance sheet business of commercial banks and rules on corporate governance of financial institutions.

    December 29, 2022 WebPage Regulatory News

    HKMA Publications Address Sustainability Issues in Financial Sector

    The Hong Kong Monetary Authority (HKMA) made announcements to address sustainability issues in the financial sector.

    December 23, 2022 WebPage Regulatory News

    EBA Updates Address Basel and NPL Requirements for Banks

    The European Banking Authority (EBA) published regulatory standards on identification of a group of connected clients (GCC) as well as updated the lists of identified financial conglomerates.

    December 22, 2022 WebPage Regulatory News
    RESULTS 1 - 10 OF 8700