In a recent keynote speech at the European Insurance and Occupational Pensions Authority (EIOPA) Conference the organisation’s Chairperson Petra Hielkema highlighted the role of data in steering the future of supervision. The speech emphasised the need for collaborative efforts, innovative approaches, and access to data to harness its potential.
In a recent article for Bloomberg, legal analyst Kate Azevedo provides some keen insights into the US Securities and Exchange’s (SEC) expanded use of XBRL tagging to enhance enforcement.
The European Banking Authority (EBA), European Insurance and Occupational Pensions Authority (EIOPA), and European Securities and Markets Authority (ESMA) have jointly released criteria on the independence of supervisory authorities.
The European Securities and Markets Authority (ESMA) is initiating a Common Supervisory Action (CSA) with National Competent Authorities (NCAs) to assess the compliance of supervised asset managers with sustainability-related disclosure provisions.
The European Banking Authority (EBA) has launched an interactive signposting tool to support banks in complying with supervisory reporting requirements. The tool aims to help institutions identify relevant reporting modules and templates based on their type and activities, reducing complexity and establishing a common business logic.
The European Central Bank (ECB) has published its third assessment of European banks’ progress in disclosing climate and environmental risks. While most banks have increased their disclosures in the past year, the quality of information still falls short of upcoming supervisory standards.
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).
The Financial Stability Board (FSB) has published a final report on supervisory and regulatory approaches to climate-related risks.
The European Insurance and Occupational Pensions Authority (EIOPA) has published its strategy for the period 2023–26. It aims to strengthen the resilience and sustainability of the insurance and pensions sectors, and enhance consumer protection in the EU.
The Australian Prudential Regulation Authority (APRA) has recently outlined its plans for work to modernise prudential architecture, with digital thinking at its core.