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EU launches Sustainable Finance Platform after Taxonomy approval
19 June 2020The European Commission has officially launched a new expert group that will advise the bloc on its final EU Taxonomy criteria for 'green' activities and a potential expansion to cover social objectives and 'brown' activities.
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'Alarming' omission of oil and gas from EU financial disclosure rules draft
04 May 2020EU financial regulators have been criticised for appearing to omit oil and gas from its definition of fossil fuel sectors in its draft environmental, social and governance (ESG) disclosure requirements.
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ESMA recommends EU develop single set of ESG disclosure standards
20 December 2019The regulator of the EU's securities markets has advised the European Commission to develop 'a single set of international environmental, social and governance (ESG) disclosure standards', to combat what it sees as short-termism among market participants.
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Video: Gabriel Bernardino (Eiopa) @ Insurance Risk & Capital 2019
17 December 2019Gabriel Bernardino, chair of the European Insurance and Occupational Pensions Authority (Eiopa), joined Environmental Finance in London on 2 December at the Insurance & Climate Risk stream (part of the Insurance Risk & Capital EMEA conference).
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Spurring sustainable investments with capital charges
23 September 2019As sustainability makes its way into regulation, the question of capital charges punishing 'brown' investments or incentivising 'green' investments has come to the fore. While regulators are asking for risk-based evidence, stakeholders are not all in agreement on how to proceed. Vincent Huck reports
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Insurers should analyse climate change scenarios in Solvency II reports, says regulator
04 June 2019The European Insurance and Occupational Pensions Authority (Eiopa) has launched a consultation into sustainability risk, and is warning of a "pressing need" for insurers to identify and assess the impact of risks related to climate change.
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EU unveils draft rules on ESG integration in investment advice
04 January 2019Draft rules on how investment firms and insurance distributors should consider sustainability topics when they advise clients have been published by the European Commission.
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European insurers to face climate stress tests in 2020
15 October 2018The European Insurance and Occupational Pensions Authority (Eiopa) is set to include climate change and sustainability risks in its 2020 stress test for insurers.
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Central bankers warn European Commission on green supporting factor
09 March 2018Prominent central bankers have warned the European Commission that plans to lower the capital requirements for green assets would be "dangerous".
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Will new regulations restrict low-carbon finance?
04 July 2013New financial regulations are adding to the problems caused by adverse economic conditions and policy uncertainty, and are likely to hinder the flow of finance to low-carbon assets in the EU, say Thomas Spencer and Jamie Stevenson.