Archive

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.

Banks raise spectre of Omnibus with calls for deep cuts to EU ESG rules

European banking groups have sent a long wish list to the European Commission of ESG-related rules and guidance they want removed or simplified, raising the spectre of deregulation summoned by last year's sustainability Omnibus.

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

Lack of impact label under SFDR would endanger market, investors warn

The impact investing market faces "serious risks" to its growth if the EU fails to create an impact label under its review of the Sustainable Finance Disclosure Regulation (SFDR), an investor group has warned.

Omni-confusion

What will the EU's Omnibus regulation mean for sustainable finance, Michael Hurley asks

EU sustainability omnibus regulation 'like opening Pandora's box'

The EU faces a complicated task balancing its drive for 'simplification' of sustainability reporting with ensuring it does not adversely affect a complex network of regulations linked to the EU Green Deal - a move one observer likened to "opening Pandora's box".

Commission to delay review of Green Asset Ratio for banks

The European Commission is to postpone a review of the much-maligned Green Asset Ratio (GAR) reporting indicator for banks, a key figure at the EU's executive arm has said.

Investment groups urge EU to delay changes to SFDR

European investment groups have urged the European Commission to delay proposed changes to the Sustainable Finance Disclosure Regulation (SFDR), as they warned of a risk to investor confidence in the regime and to the reliability of disclosures.

EU taxonomy reporting metric is too simplistic, banking group says

The disclosure of a 'green asset ratio' required by the EU taxonomy regulation is too simplistic to be relied on as a comparison of banks' climate transition efforts, according to the European Banking Federation (EBF).

Lack of comparability of banks' climate regulatory disclosures flagged in EBF report