Revised regulation recently gave the European Securities and Markets Authority (ESMA) some new so-called “convergence” powers to identify and co-ordinate supervisory priorities in response to key risks across the Union.
Regular readers of this newsletter may remember that recently the European Commission (EC) tasked EFRAG with exploring possible EU non-financial reporting standards that could form part of a revised Non-Financial Reporting Directive (NFRD).
The introduction of the new European Single Electronic Format (ESEF) includes a set of requirements around assurance of digital disclosures – but how will “ESEF audit” actually work?
The world over, financial regulators have a host of additional powers wherever a company is so vital to the operation of the economy that it’s judged “systemically important” in the light of guidelines agreed after the 2008 financial crisis.
The European Securities and Markets Authority (ESMA) has published its annual Public Statement on European Common Enforcement Priorities – and Covid-19 is at the top of the list.
In May 2019 the European Banking Authority (EBA) adopted new rules regarding the Minimum Requirement for own funds and Eligible Liabilities (MREL) and the Total Loss Absorbing Capacity (TLAC).
To achieve the world’s current carbon-neutral goals, we need high-quality non-financial data in order to assess businesses’ impact on environmental and social matters.
As many jurisdictions and firms across Europe gear up to implement the European Single Electronic Format (ESEF), Accountancy Europe has brought key stakeholders together for a two-hour long webinar discussing preparations and implications.
Ensuring that companies across the EU can get the investment they need to recover from the Covid-19 crisis means making sure investors have access to usable, comparable data.