Michael Hurley

EBA building climate into 2027 stress test and monitoring other environmental risks

Climate-related risks will be assessed in the 2027 EU supervisory stress test, the European Banking Authority (EBA) said, as it revealed it will progressively look to integrate more detailed climate-related analysis into its tests.

Investors work to detangle 'messy' CSRD reporting

The first CSRD-aligned reports vary greatly in quality and consistency - leaving investors to hunt for the information they need, Michael Hurley writes

NGFS publishes transition planning recommendations for financial institutions

Omnibus: EU ombudswoman asks Commission why it skipped due process

UK regulator says transition plans will have protection against litigation

UK regulators to launch pilot to make riskier 'transition' technologies investable

The UK government, Financial Conduct Authority and the Prudential Regulation Authority are to launch a pilot project to make transition-themed climate solutions investable for large financial institutions.

UK says delayed ESG ratings regulation to come this year

Disappointment as UK abandons plans for green taxonomy

The UK government has scrapped plans to create a green taxonomy like the EU's, citing market feedback which criticised implementation of the latter and led the UK to prioritise work in other areas including transition planning.

Regulator tells French asset managers to improve voting communications

FSB could drop climate work amid 'US pushback'

The Financial Stability Board (FSB) could abandon its work on climate risks, after a progress report revealed a rift between member countries on the importance of the topic.