On 8 July 2024, the European Banking Authority (EBA) published a report on convergence of supervisory practices in 2023.
The report covers how the EBA pursued supervisory convergence in 2023 in the context of the Supervisory Review and Evaluation Process and ongoing supervision via various convergence tools at its disposal, and the EBA’s
On 8 July 2024, the European Securities and Markets Authority (ESMA) issued a consultation on guidelines on the submission of periodic information to ESMA by benchmark administrators, credit rating agencies (CRAs) and market transparency infrastructures. In the draft guidelines ESMA brings together periodic reporting requirements for CRAs and trade repositories as
On 14 June 2024, and as part of Norton Rose Fulbright’s ongoing work in the environmental sector, we attended the UK Environmental Law Association (UKELA) Conference hosted in Manchester. Amongst the various interesting sessions during the conference was a discussion on carbon markets, hosted and moderated by Caroline May. The session focused
On 5 July 2024, there was published in the Official Journal of the EU (OJ), Commission Implementing Regulation (EU) 2024/1872 of 1 July 2024 amending the implementing technical standards laid down in Implementing Regulation (EU) 2016/1799 as regards the mapping tables specifying the correspondence between the credit risk assessments of external credit assessment
On 5 July 2024, there was published in the Official Journal of the EU (OJ), Directive (EU) 2024/1760 of 13 June 2024 on corporate sustainability due diligence and amending Directive (EU) 2019/1937 and Regulation (EU) 2023/2859.
The Directive enters into force on the twentieth day following its publication in the OJ (25 July
On 5 July 2024, the European Securities and Markets Authority (ESMA) issued a Final Report on Guidelines on Enforcement of Sustainability Information (GLESI). It has also issued a Public Statement on the first application of the European Sustainability Reporting Standards (ESRS).
GLESI
The Corporate Sustainability Reporting Directive (CSRD
On 5 July 2024, the European Securities and Markets Authority (ESMA) published a Final Report on revised Guidelines on Written Arrangements and Procedures for the Functioning of Resolution Colleges (the Guidelines).
Article 4(1) of the EU Regulation on central counterparty recovery and resolution requires that the resolution authority establishes, manages and chairs