The European Financial Reporting Advisory Group (EFRAG) has published over 20 educational videos diving into the first set of European Single Reporting Standards (ESRS). The ESRS are the EU’s sustainability reporting standards, designed to promote consistency and comparability in sustainability reporting.
The European Financial Reporting Advisory Group Financial Reporting Technical Expert Group (EFRAG FR TEG) has renewed the mandate of six of its members, and welcomed Jens Berger as Acting Chair.
The European Banking Authority (EBA) is seeking comments on proposed draft Implementing Technical Standards (ITS) on supervisory disclosures. The updated ITS reflects changes to the EU legal framework related to supervisory reporting and investment firms (Capital Requirements Regulation and Capital Requirements Directive).
This week the European Supervisory Authorities (ESAs) held a technical discussion on the upcoming Digital Operational Resilience Act (DORA). DORA aims to harmonise digital operational resilience requirements across the EU, and will enter into force on 16 January 2023, applicable from 17 January 2025.
The EU’s three European Supervisory Authorities (ESAs) published positive statements supporting the current draft of the European Sustainability Reporting Standards (ESRS) this week.
The European Central Bank (ECB) has published a set of initial, experimental climate-related statistical indicators to help analyse climate-related risk.
Reporting entities and regulators are constantly seeking to evolve requirements and processes to maintain financial stability. A recent podcast interviewing Invoke Software’s Joasia Popowicz touches on an upcoming evolution in the regulatory reporting world: the ECB’s plans for an Integrated reporting framework (IReF) and EBA’s plans for an Integrated Reporting System (IRS).
At the end of December the European Securities and Markets Authority (ESMA) published the 2022 European Single Electronic Format (ESEF) XBRL taxonomy files and an update to the ESEF Conformance Suite.
Last week saw the 2022 European Financial Reporting Advisory Group (EFRAG) Conference, marking 21 years of EFRAG’s work. Two speeches reflecting on EFRAG’s past and future were particularly worth a look.
Four years since the process to replace the Non-Financial Reporting Directive (NFRD) began, last week the Council of the European Union and the European Parliament voted by a landslide (525 votes in favour) to adopt the Corporate Sustainability Reporting Directive (CSRD) into EU law.
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