ESAs propose digital sustainability disclosures on synthetic securitisations
The European Supervisory Authorities (ESAs) have published a consultation paper on the content, methodologies and presentation of sustainability disclosures on Simple, Transparent and Standardised (STS) securitisations. It contains draft Regulatory Technical Standards that would introduce a ‘principal adverse impact statement’ to disclosures on these synthetic securitisations. To ensure the quality of the information, the ESAs propose the use of a “searchable electronic format.” We would suggest that this is a great opportunity to implement XBRL and ensure data quality, consistency and comparability with other EU disclosures. For those planning to offer feedback, consultation responses are due by 2 July 2022.
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