Archive

EIOPA says Omnibus means it needs to delay insurers' sustainability risk standards

The EU's insurance supervisor has asked for a delay to its work on standards for insurers' sustainability risk disclosures, arguing that the proposed Omnibus package creates uncertainty that makes its work harder.

Eiopa proposes adjusting Solvency II standard formula calibrations for natcat risks

The European Insurance and Occupational Pensions Authority (Eiopa) has recommended new risk factors for natural catastrophes (natcats) in the Solvency II standard formula capital calibrations.

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".

Gaps remain despite progress on PAI reporting, as regulators told to step up scrutiny

Gaps remain in financial institutions' reporting of the 'principal adverse impacts' (PAIs) of investments, and despite gradual improvements in some areas EU regulators were told to "increasingly challenge" investors on their reporting.

Regulators seek to overcome PAI challenges in SFDR Q&A

EU regulators pitch SFDR 'sustainability scale' and 'transition' category

EU regulators have suggested creating a category for 'transition investment' and a scale by which the relative sustainability of investments can be judged in an opinion on the review of the EU Sustainable Finance Disclosure Regulation.

European regulators make recommendations in greenwashing reports

The EU's three principal financial services regulators have called for enhanced supervision and improved market practice on sustainability-related claims in new reports on greenwashing in the financial sector.

EU pension fund investments are 4.5% aligned with taxonomy, EIOPA says

Regulators open consultation on free EU database

EIOPA proposes capital charges on fossil fuel assets

Fossil fuel-related stocks and bonds pose higher market risks to insurers that could be mitigated via additional capital charges on these assets, the European Insurance and Occupational Pensions Authority (EIOPA) has suggested.