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.
What do investors want to understand about risks, uncertainties, opportunities and scenarios? That’s a big – and fascinating – question, and one which the UK Financial Reporting Council’s Financial Reporting Lab has tackled in its latest report, seeking to bridge the gap between the information that users want and that companies provide.
On 20 May 2021 US President Joe Biden signed a sweeping Executive Order on Climate-Related Financial Risk. It mandates greater disclosures to provide the information needed to understand climate risks and enable action to mitigate them.
The European Banking Authority (EBA) has affirmed that its EU-wide 2021 transparency exercise will be carried out in autumn, with the launch planned for September. This annual exercise is part of the EBA’s endeavours to foster transparency and market discipline.
This is a guest post by Mohini Singh, ACA, Director of Financial Reporting Policy at CFA Institute. At a recent XBRL US Investor Forum I spoke on a panel on ‘Standards to Manage Investment Risk’ with Mike Willis of the Securities and Exchange Commission (SEC) and the Council of Institutional Investors’ Jeff Mahoney, moderated by […]
It may only be mid-January, but the signs are stacking up that 2021 will without a doubt be a year of change in the Environmental, Social and Governance (ESG) arena. In early January, asset management giant BlackRock announced its expanded stewardship expectations and proxy voting guidelines for 2021. The updates send a strong signal to […]
Could the next financial crisis come from the non-bank sector? The structure of finance is changing, and with vast and increasing amounts of financial intermediation being done by entities other than banks, often less tightly regulated, this is an important area for monitoring, and disclosure efforts as well as potential regulation. The Financial Stability Board […]
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 Indonesian Financial Services Authority (OJK) has published new regulations on Risk Management for Non-Bank Financial Institutions.
The European Banking Authority (EBA) is expanding its publication of key risk indicators about some of the world’s largest financial institutions. Globally systemically important institutions (or “G-SIIs”) each have on and off balance sheet exposures in excess of EUR200bn.