Financial Institutions and Insurance companies 2024


Regulation (EU) 2019/2088 on Sustainable Finance Disclosures

This Regulation lays down harmonized rules for financial market participants to increase
transparency in relation to the incorporation of ESG risks that threaten sustainability into their
practices. And to provide information about sustainability in the world of financial products.

https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX%3A02019R2088-20240109

Regulation (EU) 2019/2089

on Carbon Benchmarks (known as the 'Low Carbon Benchmarks Regulation' or 'Climate Benchmarks Regulation')

The goal of the regulation is to consistently incorporate ESG considerations into the investment and
advisory process across industries.

https://eur-lex.europa.eu/legal-content/SK/TXT/?uri=CELEX:32019R2089

Delegated Regulation (EU) 2022/1288 ('SFDR RTS')

It specifies the content, methodology and presentation information (within the disclosure of
information according to Articles 8 and 9).

https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX%3A02022R1288-20230220

EU Commission proposal 

for a regulatory framework for ESG ratings providers (ERR)

https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX:52023PC0314

ESMA Technical Advice on Credit Rating Agencies Regulation

https://www.esma.europa.eu/sites/default/files/library/esma33-9-321_technical_advice_on_sustainability_considerations_in_the_credit_rating_market.pdf

ESMA consultation on possible amendments to the Credit Rating Agencies Regulatory Framework

https://www.esma.europa.eu/sites/default/files/2024-04/ESMA84-2037069784-2112_Consultation_Paper_on_Changes_to_Delegated_Reg_447-2012_and_Annex_I_of_CRAR.pdf

ESMA Guidelines on Disclosure Requirements applicable to Credit Rating Agencies

https://www.esma.europa.eu/sites/default/files/library/esma33-9-320_final_report_guidelines_on_disclosure_requirements_applicable_to_credit_rating_agencies.pdf

EIOPA guidelines 

on integrating customers sustainability preferences in the suitability assessment
under the Insurance Distribution Directive (IDD)
https://www.eiopa.europa.eu/publications/guidance-integration-customers-sustainability-preferences-suitability-assessment-under-idd_en

EIOPA Opinion on Sustainability within Solvency II (September 2019)

https://www.eiopa.europa.eu/eiopa-issues-opinion-sustainability-within-solvency-ii-2019-09-30_en

EIOPA Consultation Paper on the Prudential Treatment of Sustainability Risks

https://www.eiopa.europa.eu/document/download/540706b0-16a3-4990-8dbb-3280726fb1e8_en?filename=Consultation%20Paper%20on%20the%20Prudential%20Treatment%20of%20Sustainability%20Risks.pdf

EIOPA opinion on sustainability claims and greenwashing in the insurance and pensions sectors

https://www.eiopa.europa.eu/document/download/0214c6aa-d3dc-4444-97e3-2088ff995eba_en?filename=Opinion%20on%20sustainability%20claims%20and%20greenwashing%20in%20the%20insurance%20and%20pensions%20sectors_PHI%20signature.pdf

EU Green Bond Standard Regulation

https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX%3A02023R2631-20240109

Platform on Sustainable Finance compendium of market practices

https://finance.ec.europa.eu/document/download/ff44591e-9d83-4027-a079-f3fe23bbaf41_en?filename=240129-sf-platform-report-market-practices-compendium-report_en.pdf

ESMA Guidelines on funds' names using ESG or sustainability-related terms

https://www.esma.europa.eu/sites/default/files/2024-05/ESMA34-472-440_Final_Report_Guidelines_on_funds_names.pdf

Guide on climate-related and environmental risks

https://www.bankingsupervision.europa.eu/ecb/pub/pdf/ssm.202011finalguideonclimate-relatedandenvironmentalrisks%7E58213f6564.en.pdf

ECB sets deadlines for banks to deal with climate risks

https://www.bankingsupervision.europa.eu/press/pr/date/2022/html/ssm.pr221102%7E2f7070c567.en.html

Good practices for climate related and environmental risk management

https://www.bankingsupervision.europa.eu/ecb/pub/pdf/ssm.thematicreviewcercompendiumgoodpractices112022%7Eb474fb8ed0.en.pdf

CRR III

Proposal for a Regulation of the European Parliament and of the Council amending Regulation (EU)
No 575/2013 as regards requirements for credit risk, credit valuation adjustment risk, operational
risk, market risk and minimum exit threshold

https://data.consilium.europa.eu/doc/document/ST-15883-2023-INIT/en/pdf

CRD VI

Proposal for a Directive of the European Parliament and of the Council amending Directive
2013/36/EU as regards supervisory powers, sanctions, third-country branches, and environmental,
social and governance risks, and amending Directive 2014/59/EU

https://data.consilium.europa.eu/doc/document/ST-15882-2023-INIT/en/pdf