Having established a task force, the European Financial Reporting Advisory Group (EFRAG) is poised to proceed with the development of non-financial reporting standards, which, if implemented, would increase comparability, relevance and reliability of non-financial information.
A recent European Commission (EC) consultation – designed to inform the new EU digital finance strategy – has been considering amendments to the EU regulatory framework in response to rapidly evolving financial-technology landscape.
Early in August the European Banking Authority (EBA) published its final draft technical standards on disclosure and reporting on MREL and TLAC.
While FinTech is more frequently in the news, regulatory technology, or RegTech, shouldn’t be overlooked. RegTech has the potential to transform regulation and supervision, making supervisory reporting more efficient, useful and cost-effective.
In August the European Banking Authority (EBA) issued an erratum to the technical package for reporting framework 2.10 phase 2.
While the data gleaned from regular, structured reporting is widely known to be a critical part of effective regulation, those requirements regularly come across one stumbling block: complaints about cost.
Europe are seeking expert input as they take the next step in the all-important process of building data standards for non-financial reporting.
This week the European Central Bank (ECB) published supervisory statistics for the first quarter of 2020 that indicate the impact of Covid-19 on the strength and security of Europe’s banks.
The European Securities and Markets Authority (ESMA) has emphasised the need for standardised Environmental, Social and Governance (ESG) disclosures in its response to the European Commission’s (EC’s) consultation on the renewed sustainable finance strategy.
Following fifteen months of preparation, the European Securities and Markets Authority (ESMA) oversaw a successful first day of reporting by financial market participants of securitised financing transaction (SFT) data to EU trade repositories (TRs) this week.