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.

Insurers warned against hesitancy to back climate adaptation by EIOPA

Insurers have been urged to more proactively back climate adaptation measures, as the EU's insurance supervisor voiced concern that the industry was not incentivising such measures.

EIOPA adds climate elements to EU insurance supervision guidelines

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

EU sustainability reporting reforms must avoid 'false trade-offs', says EIOPA chair

The EU's efforts to streamline sustainability reporting should "resist the false trade-off between simplification and substance", according to Petra Hielkema, chair of the European Insurance and Occupational Pensions Authority (EIOPA).

European supervisors call for shortened PAI rules after finding improved reports

Supervisors publish SFDR Q&As to clarify sustainable investment calculations

EIOPA urges deeper biodiversity risk action amid promising insurer steps

Insurers have made encouraging first moves to address biodiversity risk, but much more is needed to manage its financial impact, according to the inaugural report on biodiversity risk management from the EU's insurance authority.

European supervisors consult on framework for ESG risks in stress testing