Regulatories

  • Issuing Entity

  • Application Scope

  • Geographic Area

  • Publication Date

  • Implementation Date

  • Language

  • Reset

Guidelines for mortgage providers on the promotion of energy efficiency
  • June 1, 2022
The purpose of these new guidelines is to encourage mortgage providers to consider long-term value retention, and consequently the energy efficiency of the building, when offering clients advice on financing a property. The intention is to make clients aware of the importance of energy efficiency upgrades. The initial focus is on advice to private individuals seeking finance for single-family and holiday homes. These guidelines are binding on all SBA members and non-members can adopt them on a voluntary basis. These guidelines come into force on 1 January 2023.
  • Language: English
  • Geographic Area: Europe, Switzerland
  • Application Scope: Banks
  • Issuing Entity: Swissbanking

Guidelines for mortgage providers on the promotion of energy efficiency
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  • June 1, 2022
The purpose of these new guidelines is to encourage mortgage providers to consider long-term value retention, and consequently the energy efficiency of the building, when offering clients advice on financing a property. The intention is to make clients aware of the importance of energy efficiency upgrades. The initial focus is on advice to private individuals seeking finance for single-family and holiday homes. These guidelines are binding on all SBA members and non-members can adopt them on a voluntary basis. These guidelines come into force on 1 January 2023.
  • June 1, 2022
  • Language: English
  • Geographic Area: Europe, Switzerland
  • Application Scope: Banks
Guidelines for the financial service providers on the integration of ESG-preferences and ESG-risks into investment advice and portfolio management
  • June 1, 2022
These new guidelines define a uniform minimum standard within the industry for the consideration of ESG-preferences and ESG-risks in investment advice and portfolio management. The intention is to create transparency for clients on ESG in investment advice and portfolio management. This new self-regulation applies to all SBA members, might be adhered to voluntarily by non-members, and comes into force on 1 January 2023. These guidelines replace the “Guideline for the integration of ESG-considerations into the advisory process for private clients (2020)” as soon as they are implemented by the individual institution.
  • Language: English
  • Geographic Area: Europe, Switzerland
  • Application Scope: Banks
  • Issuing Entity: Swissbanking

Guidelines for the financial service providers on the integration of ESG-preferences and ESG-risks into investment advice and portfolio management
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  • June 1, 2022
These new guidelines define a uniform minimum standard within the industry for the consideration of ESG-preferences and ESG-risks in investment advice and portfolio management. The intention is to create transparency for clients on ESG in investment advice and portfolio management. This new self-regulation applies to all SBA members, might be adhered to voluntarily by non-members, and comes into force on 1 January 2023. These guidelines replace the “Guideline for the integration of ESG-considerations into the advisory process for private clients (2020)” as soon as they are implemented by the individual institution.
  • June 1, 2022
  • Language: English
  • Geographic Area: Europe, Switzerland
  • Application Scope: Banks
Swiss climate scores: best practice transparency on the Paris alignment of investments
  • June 29, 2022
Switzerland is committed to transitioning to net-zero greenhouse gas emissions by 2050. For this purpose, the Federal Council supported by market players elaborated the Swiss Climate Scores which establish best-practice transparency on the Paris-alignment of financial Investments. The minimum criteria for the six defined indicators are described in this document: i. Greenhouse Gas Emissions ii. Exposure to Fossil Fuel Activities iii. Global Warming Potential iv. Verified Commitments to Net-Zero vi. Management to Net-Zero vii. Credible Climate Stewardship
  • Language: English
  • Geographic Area: Europe, Switzerland
  • Application Scope: Asset Managers, Banks, Funds, Insurances
  • Issuing Entity: Swiss Confederation

Swiss climate scores: best practice transparency on the Paris alignment of investments
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  • June 29, 2022
Switzerland is committed to transitioning to net-zero greenhouse gas emissions by 2050. For this purpose, the Federal Council supported by market players elaborated the Swiss Climate Scores which establish best-practice transparency on the Paris-alignment of financial Investments. The minimum criteria for the six defined indicators are described in this document: i. Greenhouse Gas Emissions ii. Exposure to Fossil Fuel Activities iii. Global Warming Potential iv. Verified Commitments to Net-Zero vi. Management to Net-Zero vii. Credible Climate Stewardship
  • June 29, 2022
  • Language: English
  • Geographic Area: Europe, Switzerland
  • Text Nature: Guidelines
  • Application Scope: Asset Managers, Banks, Funds, Insurances
Updated Joint ESA Supervisory Statement on the application of the Sustainable Finance Disclosure Regulation
  • March 24, 2022
This Supervisory Statement of the European Supervisory Authorities (ESAs) seeks to mitigate the risk of divergent application of Regulation (EU) 2019/2088 on sustainabilityrelated disclosures in the financial services sector (hereinafter referred to as “SFDR”) and Article 5 and 6 of Regulation (EU) 2020/852 (Taxonomy Regulation, hereinafter referred to as “TR”) within the period from 10 March 2021 (the application date of most of the provisions of the SFDR) to the application date of the Regulatory Technical Standards (“RTS”) under empowerments from SFDR which covers the content, methodologies and presentation of sustainability-related disclosures in Articles 2a(3), 4(6) and (7), 8(3), 8(4), 9(5), 9(6), 10(2), 11(4) and 11(5) of the SFDR.
  • Language: English
  • Geographic Area: Europe
  • Application Scope: Transversal
  • Issuing Entity: EBA

Updated Joint ESA Supervisory Statement on the application of the Sustainable Finance Disclosure Regulation
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  • March 24, 2022
This Supervisory Statement of the European Supervisory Authorities (ESAs) seeks to mitigate the risk of divergent application of Regulation (EU) 2019/2088 on sustainabilityrelated disclosures in the financial services sector (hereinafter referred to as “SFDR”) and Article 5 and 6 of Regulation (EU) 2020/852 (Taxonomy Regulation, hereinafter referred to as “TR”) within the period from 10 March 2021 (the application date of most of the provisions of the SFDR) to the application date of the Regulatory Technical Standards (“RTS”) under empowerments from SFDR which covers the content, methodologies and presentation of sustainability-related disclosures in Articles 2a(3), 4(6) and (7), 8(3), 8(4), 9(5), 9(6), 10(2), 11(4) and 11(5) of the SFDR.
  • March 24, 2022
  • Language: English
  • Geographic Area: Europe
  • Text Nature: Regulations
  • Application Scope: Transversal
Principles for the effective management and supervision of climate-related financial risks
  • November 16, 2021
In this consultative document, the Committee examines the extent to which climate-related financial risks can be addressed within the Basel Framework, identifying potential gaps in the current framework and considering possible measures to address any identified gaps. Specifically, with regard to scenario analysis, including stress testing, the principles are formulated with a view towards application to large, internationally active banks and to supervisory and other relevant financial authorities in Basel Committee member jurisdictions. However, smaller banks and authorities in all jurisdictions can benefit from a structured consideration of the potential impact of climate-related financial risks.
  • Language: English
  • Geographic Area: Universal
  • Application Scope: Banking organizations, Supervisory authorities
  • Issuing Entity: Basel Committee

Principles for the effective management and supervision of climate-related financial risks
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  • November 16, 2021
In this consultative document, the Committee examines the extent to which climate-related financial risks can be addressed within the Basel Framework, identifying potential gaps in the current framework and considering possible measures to address any identified gaps. Specifically, with regard to scenario analysis, including stress testing, the principles are formulated with a view towards application to large, internationally active banks and to supervisory and other relevant financial authorities in Basel Committee member jurisdictions. However, smaller banks and authorities in all jurisdictions can benefit from a structured consideration of the potential impact of climate-related financial risks.
  • November 16, 2021
  • Language: English
  • Geographic Area: Universal
  • Text Nature: Consultative paper
  • Application Scope: Banking organizations, Supervisory authorities
Strategic Framework for Green Finance
  • September 21, 2018
The Securities and Futures Commission (SFC) of Hong Kong is the independent organization responsible for regulating the securities and futures markets in Hong Kong. Published by the SFC, “The Strategic Framework for Green Finance” addresses three main topics: (i) the importance of listed companies, asset managers, and investment products to issue detailed and accurate disclosures pertaining to ESG factors and climate risk, (ii) the need for asset managers in Hong Kong to develop ESG-related investment products, (iii) Hong Kong’s effort to establish itself as an international hub of green finance.
  • Language: English
  • Geographic Area: Global
  • Issuing Entity: Securities and Futures Commission

Strategic Framework for Green Finance
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  • September 21, 2018
The Securities and Futures Commission (SFC) of Hong Kong is the independent organization responsible for regulating the securities and futures markets in Hong Kong. Published by the SFC, “The Strategic Framework for Green Finance” addresses three main topics: (i) the importance of listed companies, asset managers, and investment products to issue detailed and accurate disclosures pertaining to ESG factors and climate risk, (ii) the need for asset managers in Hong Kong to develop ESG-related investment products, (iii) Hong Kong’s effort to establish itself as an international hub of green finance.
  • September 21, 2018
  • Language: English
  • Geographic Area: Global
  • Text Nature: Guidelines
Common Assessment Framework on Green and Sustainable Banking
  • December 31, 2019
The Hong Kong Monetary Authority (HKMA) issued the “Common Assessment Framework on Green and Sustainable Banking” to banks in Hong Kong. The purpose of this assessment is for HKMA to assess Hong Kong banks’ ability to react and respond to potential climate and environmental risk.
  • Language: English
  • Geographic Area: Global
  • Issuing Entity: HKMA

Common Assessment Framework on Green and Sustainable Banking
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  • December 31, 2019
The Hong Kong Monetary Authority (HKMA) issued the “Common Assessment Framework on Green and Sustainable Banking” to banks in Hong Kong. The purpose of this assessment is for HKMA to assess Hong Kong banks’ ability to react and respond to potential climate and environmental risk.
  • December 31, 2019
  • Language: English
  • Geographic Area: Global
  • Text Nature: Guidelines
White Paper on Green and Sustainable Banking
  • June 1, 2020
The Hong Kong Monetary Authority (HKMA) authored the “White Paper on Green and Sustainable Banking” to assist Authorized Institutions (AIs) prepare for the challenges presented by the physical and transition impacts of climate change. Segmented into four sections, this paper addresses the following topics: (i) sustainability and climate change issues, (ii) risks and opportunities that banks in Hong Kong face as a result of climate change, (iii) HKMA’s three-phased approach to promoting green and sustainable banking, (iv) HKMA’s initial views on future regulatory action.
  • Language: English
  • Geographic Area: Global
  • Issuing Entity: HKMA

White Paper on Green and Sustainable Banking
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  • June 1, 2020
The Hong Kong Monetary Authority (HKMA) authored the “White Paper on Green and Sustainable Banking” to assist Authorized Institutions (AIs) prepare for the challenges presented by the physical and transition impacts of climate change. Segmented into four sections, this paper addresses the following topics: (i) sustainability and climate change issues, (ii) risks and opportunities that banks in Hong Kong face as a result of climate change, (iii) HKMA’s three-phased approach to promoting green and sustainable banking, (iv) HKMA’s initial views on future regulatory action.
  • June 1, 2020
  • Language: English
  • Geographic Area: Global
  • Text Nature: Guidelines
Climate-related financial risks – measurement methodologies
  • April 1, 2021
This report provides an overview of conceptual issues related to climate-related financial risk measurement and methodologies, as well as practical implementation by banks and supervisors. It outlines general issues in measuring climate-related financial risks, takes stock of how banks and supervisors are currently employing or developing methodologies for measuring climate-related financial risks and provides a high-level overview of strengths and weaknesses of the main types of measurement approaches, as well as assessing gaps and challenges in their execution and implementation.
  • Language: English
  • Geographic Area: Universal
  • Issuing Entity: Basel Committee

Climate-related financial risks – measurement methodologies
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  • April 1, 2021
This report provides an overview of conceptual issues related to climate-related financial risk measurement and methodologies, as well as practical implementation by banks and supervisors. It outlines general issues in measuring climate-related financial risks, takes stock of how banks and supervisors are currently employing or developing methodologies for measuring climate-related financial risks and provides a high-level overview of strengths and weaknesses of the main types of measurement approaches, as well as assessing gaps and challenges in their execution and implementation.
  • April 1, 2021
  • Language: English
  • Geographic Area: Universal
  • Text Nature: Guidelines
Climate-related risk drivers and their transmission channels
  • April 1, 2021
This report explores how climate-related financial risks can arise and impact both banks and the banking system. By synthesizing existing literature, it illustrates how physical and transition climate risk drivers affect banks’ financial risks via micro and macroeconomic transmission channels. It also explores various factors that may determine the likelihood or size of the impact from climate-related risk drivers.
  • Language: English
  • Geographic Area: Universal
  • Issuing Entity: Basel Committee

Climate-related risk drivers and their transmission channels
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  • April 1, 2021
This report explores how climate-related financial risks can arise and impact both banks and the banking system. By synthesizing existing literature, it illustrates how physical and transition climate risk drivers affect banks’ financial risks via micro and macroeconomic transmission channels. It also explores various factors that may determine the likelihood or size of the impact from climate-related risk drivers.
  • April 1, 2021
  • Language: English
  • Geographic Area: Universal
  • Text Nature: Guidelines

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