The European Supervisory Authorities (EBA, EIOPA, and ESMA) have released a Progress Report outlining a common understanding of greenwashing in the financial sector. Greenwashing can refer to intentionally or unintentionally offering misleading sustainability information and – unsurprisingly – the ESA’s report highlights lack of data as a cause.
The European Banking Authority (EBA) has published its final draft Implementing Technical Standards (ITS) for the benchmarking exercise in 2024.
This week the European Parliament and Council negotiators agreed on the timeline and processes for establishing the European single access point (ESAP), a common data platform that will merge digital data crucial for capital markets, financial services, and sustainable finance from across Europe.
XBRL EU urges digital for sustainability disclosures at a meeting in Rome this week. At the very successful XBRL-EU conference in Rome earlier this week, the attendees heard a range of details about the upcoming implementation of the European Sustainability Reporting Standards (or ESRSs) via the CSRD, or Corporate Sustainability Reporting Directive.
ESG reporting is rapidly becoming the “new gold standard” of disclosure practices, with 94% of European and UK public companies intending to comply with the Corporate Sustainable Reporting Directive (CSRD), according to a survey of over 500 finance leaders by Workiva.
The European Central Bank (ECB) has released supervisory banking statistics on so-called “less significant institutions” (LSIs), complementing existing data on significant institutions.
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 Securities and Markets Authority (ESMA) has announced that it will postpone the amendment of the European Single Electronic Format (ESEF) Regulatory Technical Standard (RTS) until 2024.
Last week we covered the news that the European Supervisory Authorities (ESAs) – the European Banking Authority (EBA), the European Insurance and Occupational Pensions Authority (EIOPA), and the European Securities and Markets Authority (ESMA) – are consulting on amendments to the Delegated Regulation of the Sustainable Finance Disclosure Regulation (SFDR).
The European Central Bank (ECB) has been exploring the possibility of launching a digital version of the euro as a way to enhance financial innovation and provide consumers with a safe, secure, and convenient means of payment.
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XBRL International is a global not for profit operating in the public interest. Our purpose is to improve the accountability and transparency of business performance globally, by providing the open data exchange standard for business reporting.
