The Bank of England (“BoE”) launched the second round of the Biennial Exploratory Scenario (“BES”) exercise on financial risks from climate change. The objective of the Climate BES is to explore the financial risks posed by climate change for the largest UK banks and insurers. This is in line with the plan for the Climate BES set out in June 2021. The BoE expects to publish results in May 2022. Read more.
European Banking Authority (EBA) published a report which analyses the recent developments and challenges of introducing sustainability into the EU securitisation market. The Report examines how sustainability could be introduced in the specific context of securitisation to foster transparency and credibility in the EU sustainable securitisation market. Read more
The European Commission is preparing a retail investment strategy, which aims to take a holistic view of investor’s protection rules. In the answers received to the 2021 public consultation on the Commission’s retail investment strategy for Europe, many stakeholders, called to simplify, improve, automate and standardise the way investors’ profiles are currently assessed. Read more.
European Commission: The platform on Sustainable Finance, has published a new report on the development of the social taxonomy which will be targeted at social investments. Read more
The European Securities and Markets Authority (ESMA) published its Sustainable Finance Roadmap 2022-2024. ESMA identifies three priorities for its sustainable finance work: Tackling greenwashing and promoting transparency; Building National Competent Authorities’ and ESMA’s capacities, in the sustainable finance field; and Monitoring, assessing and analysing ESG markets and risks. Read more.