Archive

SEC likely to withdraw climate rules, former Commissioner predicts

The Securities and Exchange Commission (SEC) under Donald Trump is likely to withdraw a proposed rule governing climate-related financial disclosures by US companies, a former commissioner has predicted.

Omnibus regulation being considered to simplify sustainability rules, Commission says

Work to "simplify" sustainability disclosure rules "might result in omnibus amendments ... that seek to amend several acts", a spokesperson for the European Commission said, following reports suggesting such a move sparked concern among commentators.

EU proposal to bring sustainable finance rules into single regulation risks 'chaos'

Suggestions that the EU could bring sustainable finance-related disclosure rules into a single, 'omnibus' regulation to "reduce the reporting burden" risks unnecessary chaos, thinktank E3G has said.

Gensler to depart SEC

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".

EU countries failing to transpose CSRD risk increasing costs of compliance, observers say

EU countries yet to confirm transposition of the Corporate Sustainability Reporting Directive (CSRD) into national law are raising the risk of increased costs of compliance - particularly those linked to gaining independent assurance of reports, observers have said.

COP29 finance day: Harmonisation initiatives the highlight of underwhelming day

Multi-jurisdiction taxonomies and a push for harmonised transition plan rules stole the headlines, as finance proved a sticking point, Michael Hurley writes

IOSCO encourages regulators to clarify issuers' liability for transition plans

Standard setters and regulators have been "encourage[d]" to provide "markers on what would constitute forward-looking information" to show preparers of transition plans the extent of information they can provide without expecting to be sued.

Investors urge EU against delaying deforestation regulation

Institutional investors have urged the European Parliament to reject a request to delay the EU Deforestation Regulation, saying it would unfairly "disadvantage countries and companies that have moved promptly to prepare for the new requirements".

COP29: GFANZ backs call for regulators to define coal phaseout as transition finance

Governments and regulators could help investors by 'clarifying' that finance provided to accelerate the phaseout of coal plants counts as transition finance, according to the first report by the Coal Transition Commission (CTC) published at COP29.