Archive

Supervisors consult on cuts to taxonomy indicators to 'simplify' reporting

Cuts have been proposed to indicators that financial institutions must use to report their alignment with the EU taxonomy of sustainable activities, in consultations by the bloc's three supervisory authorities.

EU banks to be quizzed on climate-related 'financial turmoil' in stress test

EU banks are to be asked to report their exposure to climate-related physical and transition risks as part of an EU-wide stress test for the first time, the European Banking Authority (EBA) revealed.

Don't change EU credit risk framework to cover ESG risks, German banks say

A major group of German banks has urged against adding criteria for environmental and social risks in the EU's credit risk assessment process, in response to a consultation by the European Banking Authority (EBA).

EBA to drop green asset ratio reporting for banks in Pillar 3 rules update

The European Banking Authority (EBA) is preparing to publish its final standards for ESG disclosures under EU Pillar 3 rules, which are not expected to demand banks restart reporting of the Green Asset Ratio (GAR) of their financing.

Banking group warns EU against using capital buffer to tackle climate risks

Raising capital requirements for banks with greater exposure to climate risks would damage the EU's competitiveness and conflict with other parts of the bloc's prudential framework, the European Banking Federation (EBF) argued.

EBA echoes calls for time limits on ESRS 'reliefs'

EBA seeks feedback on adding ESG factors to credit risk assessment

EBA consults on using capital buffers to manage climate risk exposures

EU supervisors suggest banks, insurers 'justify' transition statements in ESG stress tests

Guidelines on ESG stress testing have been published that tell EU regulators to focus initially on exercises covering physical and climate transition risks and biodiversity loss, and consider expanding such tests to other sustainability topics.

Could banks and insurers be about to get their own Omnibus

The EU is in the throes of butchering its ESG reporting regulations - could ESG aspects of prudential rules be next on the chopping block, asks Michael Hurley