The Platform for Sustainable Finance has recommended the European Commission to maximise the inclusiveness of its current Taxonomy framework while maintaining its integrity.
European Supervisory Authorities (ESAs) have issued a consultation paper seeking input on draft Regulatory Technical Standards (RTS) regarding disclosure of financial products investing in economic activities that contribute to an environmental investment objective.
Using a dataset of EU investment fund portfolio holdings amounting to assets of €10.7trn, European Securities and Markets Authority (ESMA) found that brown funds tend to be more impacted due to climate-related financial shocks.
The minimum threshold for mandatory disclosure of net short positions to national regulators in Europe moves back up to 0.2%, on Friday 19 March after being lowered to 0.1% for one year.
If the European Financial Reporting Advisory Group (Efrag) were to be entrusted with the development of EU’s non-financial reporting standards, a new non-financial reporting board should be set up, stated the latest recommendations to the European Commission.
Fined €3.7bn in February 2019, the Swiss bank plans to cite a French court ruling in another case.
Mairead McGuinness, European commissioner for financial services, financial stability, and capital markets unions, said that while the EU and the UK are on track to conclude the memorandum of understanding on financial services before end of March, a bundle of equivalence decisions is not on the table.
The Sustainability Accounting Standards Board (SASB) has opened a 60-day public comment period on its reporting taxonomy tool.
The EU securities regulator’s advice to the European Commission sets key performance indicators (KPIs) disclosures to ascertain which businesses qualify as sustainable under the Taxonomy Regulation, and disclosure mandates for asset managers.
Targeted by ESMA's chair Steven Maijoor, zero-commission trading platforms decrypt their business models and stress that the public must have a greater say in public markets.