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.

Sustainable debt round-up: EIB, BNG Bank, WATC ... and more

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

Bank supervisors need to tread carefully in applying ESG risk guidelines, EBA told

The introduction of ESG risks in guidelines for EU banking supervision have been welcomed as a positive development for sustainable finance - but supervisors will need to err on the side of caution when interpreting results, according to Finance Watch.

'Several negative impacts' on SFDR if taxonomy reporting made voluntary

Raise insurers' capital requirements for fossil fuel assets, EU urged

EIOPA urged to include transition risks in solvency requirements

Basel 'faulty'

US banks have urged the Basel Committee to re-draw 'flawed' climate disclosure rules, writes Michael Hurley

COP28: Carbon markets rue Article 6 negotiation 'failure'

Carbon market participants lamented a "disappointing" lack of progress on agreeing a global carbon market mechanism, after last-ditch talks ended in "failure".

Require transition plans in Solvency II, EU urged