Breadcrumb
The European Supervisory Authorities[1] (ESAs), together with the European Central Bank (ECB), today published a Joint Statement on climate-related disclosure for structured finance products. The Statement encourages the development of disclosure standards for securitised assets through harmonised climate-related data requirements.
Currently, there is a lack of climate-related data on the assets underlying structured finance products. This poses an obstacle for the classification of products and services under the EU Taxonomy Regulation and Sustainable Finance Disclosure Regulation (SFDR) and hinders the proper assessment and management of climate-related risks. The Statement sets out the joint efforts of the ECB and the ESAs to facilitate access to climate-related data with a view to improving sustainability-related transparency in securitisations and to promote consistent and harmonised requirements for similar instruments.
[1] The European Authority Insurance and Occupational Pensions Authority (EIOPA) established by Regulation (EU) No 1094/2010, and the European Banking Authority established by (EU) Regulation 1093/2010.
The European Securities and Markets Authority, the EU’s financial markets regulator and supervisor, has issued an
The European Securities and Markets Authority (ESMA), the EU’s financial markets regulator and supervisor, has changed the structure of its standing committees and elected new Chairs. The election
The three European Supervisory Authorities (EBA, EIOPA and ESMA – ESAs) today published
The European Securities and Markets Authority (ESMA), the EU’s financial markets regulator and supervisor, is seeking input on
