The European Banking Authority (EBA) has launched an industry survey, inviting credit institutions to contribute insights into their methodologies for classifying exposures to environmental, social, and governance (ESG) risks.
The European Banking Authority (EBA) recently published a report highlighting the risks posed to banks due to the misalignment of financing portfolios with EU climate objectives. The transition toward a decarbonised economy introduces significant risks affecting credit portfolios, operational, market, and liquidity risks for financial institutions.
The European Banking Authority (EBA) has published for comment draft guidelines for the management of Environmental, Social, and Governance (ESG) risks.
The European Banking Authority (EBA) recently conducted its 2023 stress test, providing a comprehensive assessment of the European banking system’s resilience and vulnerabilities. Notably, the data underpinning this evaluation is sourced from digital regulatory data, demonstrating the utility of digital technology in supervision.
PwC Japan has recently published an analysis of this year’s trends in corporate governance, risk management and other hot topics, based on text mining of XBRL-based annual reports by Japanese public companies listed on the Tokyo Stock Exchange.
It seems increasingly likely that the US Securities and Exchange Commission (SEC) may seek to develop disclosure requirements around economic risks, as recently signposted in remarks by senior associate chief accountant Kevin Vaughn.
“In a world that runs on data, good quality data is also the essential ingredient to effective risk analysis,” says Verena Ross, Chair of the European Securities and Markets Authority (ESMA) – and we would certainly agree.
We were interested to note an addition to the latest semi-annual Trends, Risks and Vulnerabilities Report from the European Securities and Markets Authority (ESMA), which finds a continuing high risk of market corrections.
Supply chains are on the mind of the public more than ever before, thanks to pandemic-related disruptions. The growing demand for better intelligence on supply chains also means that they look set to be a hot topic in corporate reporting in coming years.
The European Financial Reporting Advisory Group (EFRAG) Project Task Force on the reporting of non-financial risks and opportunities and linkage to the business model (PTF RNFRO) has published a new report, connecting sustainability concerns with financial performance.