Archive

EIOPA's wake-up call for insurers on fossil fuels

A historic decision from EU financial supervisor on higher financial risk of fossil fuel sector must be integrated in EU prudential rules write Chiara Pass and Marika Carlucci

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".

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.

Invesco to pay SEC fine for charge that it overstated ESG assets under management

Invesco has agreed to pay a $17.5 million fine to settle a charge by the Securities and Exchange Commission (SEC) that it misled clients by claiming that a higher percentage of its assets were 'ESG-integrated' than the investor could prove.

SEBI suggests changing ESG ratings regulation to remove appeal process

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.

World-first disclosure standards for public sector climate reporting unveiled

World-first disclosure standards for public sector climate-related disclosures have been unveiled, which it is hoped could vastly improve data available to institutional investors in government debt.

Segment for ESG ratings added to proposals for free EU sustainability database

European Supervisory Authorities (ESAs) have added a category for ESG rating providers to a planned EU-wide database, which they say will help improve the visibility of ESG ratings when users search for sustainability information.

ESMA opens sustainable bond prospectus technical advice consultation

The European Securities Markets Authority (ESMA) has opened a consultation on proposed technical advice on sustainability disclosures updates to the EU bond prospectus regulation, including around post-issuance reporting requirements.