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ESRS reporting overhaul: fewer companies, fewer data points, no sector-specific standards

The European Commission’s Omnibus simplification proposal, if enacted, will change the shape of sustainability reporting across that continent, reducing the number of private companies required to comply with the European Sustainability Reporting Standards (ESRS) while streamlining the disclosures themselves.

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ESMAEUSECRsecuritisation

ESMA moves to simplify private securitisation reporting

By Editor

The European Securities and Markets Authority (ESMA) is proposing changes to the reporting framework for private securitisations under the Securitisation Regulation (SECR). In a new consultation paper, ESMA suggests a simplified disclosure template aimed at reducing regulatory burdens while maintaining transparency.

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EBA updates ICT risk management guidelines to align with DORA

By Editor

The European Banking Authority (EBA) has updated its existing ICT and security risk management guidelines in the light of the Digital Operational Resilience Act (DORA), which took effect last month on 17 January. These changes aim to simplify requirements, eliminate duplication, and provide greater legal clarity for financial institutions.

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Time to rip off the band-aid? The EU must go digital

By Editor

Brussels is deep in a complex “omnibus” policy discussion around the shape, scope and size of sustainability reporting requirements. Regardless of the outcome, here at XBRL International, it is our view that for EU markets to remain relevant and competitive, the EU needs to fully embrace digital reporting.

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EIOPA opens consultation on refining Solvency II reporting thresholds

By Editor

The European Insurance and Occupational Pensions Authority (EIOPA) has launched a public consultation on its revised Guidelines for determining market shares for insurers eligible for limited reporting requirements under Solvency II.

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EUInvestmentOmnibus

Money Talks

By Editor

There are a lot of statements both against and for the EU’s “omnibus” legislation. On Tuesday, a group of 163 investment firms managing approximately €6.6 trillion in assets, together with a number of umbrella investor organisations, issued a joint statement urging the European Commission to uphold the integrity of the EU’s sustainable finance framework amid […]

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CompetitivenessCSRDESGEUOmnibus

The EU Omnibus: changes on the horizon

By Editor

Big changes are on the horizon for corporate sustainability reporting in Europe with the Omnibus Simplification Package, set to be unveiled on 26 February. To be informed by the EU’s broader Competitiveness Compass, the omnibus aims to streamline regulatory requirements, particularly for small and medium-sized enterprises (SMEs).

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CompassCompetitivenessEU

EU gets focussed on growth?

By Editor

This week the EU made a series of announcements on its priorities, including a new European Competitiveness Compass. The document is intended to guide policy making priorities for the next 5 years. Amongst other things, it signals a shift towards enhanced digital reporting as a means to improve corporate transparency, investment efficiency, and economic resilience.

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ECB tightens focus on data quality in 2025 stress tests

By Editor

The European Central Bank (ECB) has launched its 2025 stress testing exercise, with a sharper focus on addressing data quality issues and overly optimistic projections from banks. Stress tests are critical for assessing resilience under adverse economic conditions, but past submissions have underestimated risks, prompting the ECB to tighten its approach.

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