Archive

European supervisors consult on framework for ESG risks in stress testing

EU banking regulator consults on 'simplified' ESG risk reporting

EBA hints it will resist calls to delay ESG scenario analysis rules amid CSRD overhaul

Rules for EU banks to conduct routine 'ESG scenario analysis' "cannot depend directly" on corporate reporting rules, their regulator said in response to calls to delay introduction while the bloc overhauls its Corporate Sustainability Reporting Directive (CSRD).

Delay EU climate scenario rules by a year to account for Omnibus, say German banks

Banks active in the EU will find it "practically impossible" to meet the current deadline to fully implement climate scenario analysis requirements by January, the Association of German Banks has told the European Banking Authority (EBA).

EU banking regulator sets ESG transition plan, capital adequacy requirements

Eurozone banks have been set requirements for 'prudential transition plans', scenario analysis and internal capital adequacy tests under rules published by the European Banking Authority (EBA).

EU banks' corporate loans have implied temperature rise of about 4°C, says EBA study

EIOPA's wake-up call for insurers on fossil fuels

A historic decision from EU financial supervisor on higher financial risk of fossil fuel sector must be integrated in EU prudential rules write Chiara Pass and Marika Carlucci

EU supervisors estimate trillions in losses from 'run on brown' assets

European financial institutions stood to lose trillions of euros from a 'run on brown' assets, financial supervisors estimated in a first-of-its-kind stress test - but the financial impacts of climate-related "transition risks alone are unlikely to threaten financial stability".

Gaps remain despite progress on PAI reporting, as regulators told to step up scrutiny

Gaps remain in financial institutions' reporting of the 'principal adverse impacts' (PAIs) of investments, and despite gradual improvements in some areas EU regulators were told to "increasingly challenge" investors on their reporting.

Regulators seek to overcome PAI challenges in SFDR Q&A