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More than

380 extracts

from 35 regulatory texts

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(Annexe 5, Cm 2-6) La publication comprend au minimum les informations suivantes : • caractéristiques centrales de la structure de gouvernance dont dispose la banque pour identifier, évaluer, gérer et surveiller les risques financiers liés au climat et établir un rapport à ce sujet. • description des risques financiers liés au climat à court, moyen et long termes, leur influence sur la stratégie commerciale et la stratégie en matière de risque, ainsi que leur répercussions sur les catégories de risque existantes. • structures et processus de gestion des risques pour identifier, évaluer et gérer les risques financiers liés au climat. • informations quantitatives (chiffres-clés et objectifs) sur les risques financiers liés au climat ainsi que sur la méthodologie utilisée.
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(Cm 7) It is published in one of the official languages of the Swiss Confederation or in English.
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(Cm 13.1) Insurance companies in supervisory category 2 and insurance groups with insurance companies in supervisory category 2 shall disclose information on their management of climate-related financial risks in the appropriate sections of the FCR.
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(Cm 13.2 – 13.6) The disclosures include the following information at a minimum: • the main features of the governance structure at the insurance company to enable it to identify, evaluate, manage, monitor and report on climate-related financial risks; • description of the short-, medium- and long-term climate-related financial risks and their impact on the insurance company’s business and risk strategy and any effects on existing risk categories; • risk management structures and processes in place to identify, evaluate and manage climate-related financial risks; • quantitative information (targets and key data) on climate-related financial risks including the methodology used.
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(Cm 13.7) Insurance companies must disclose the criteria and methods used to evaluate the materiality of climate-related financial risks.
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(Cm 118) The disclosures of insurance companies in supervisory category 2 and insurance groups with insurance companies in supervisory category 2 must be made for the first time in the FCR relating to financial year 2021.
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(Annexe 5, Cm 7) Les banques publient les critères et méthodes d’évaluation sur lesquels repose leur analyse de la matérialité des risques financiers liés au climat.
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(Cm 14.1) Les banques et les maisons de titres qui appartiennent à un groupe financier surveillé par la FINMA sont libérés des devoirs de publication en matière de gouvernance d’entreprise (cf. annexe 4). Les banques qui sont soumises à l’exigence de publication des risques financiers liés au climat conformément au Cm 14.2 et à l’annexe 5 remplissent leur obligation en publiant les données au niveau du groupe financier assujetti à la FINMA.
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(Cm 14.2) Les informations qualitatives et quantitatives doivent être publiées en principe en fonction de leur pertinence, dans le cadre des activités exercées et des approches réglementaires utilisées, exception faite des neuf tableaux KM1, OV1, LIQA, CR1, CR3, IRRBBA, IRRBBA1, IRRBB1 et ORA, à publier impérativement par toutes les banques hormis celles qui bénéficient de certaines exonérations selon les Cm 8 à 14.1. • Les banques systémiques non actives à l’échelle internationale (D-SIB) publient par ailleurs impérativement les tableaux selon l’annexe 3. • Les banques systémiques actives à l’échelle internationale (G-SIB) publient impérativement en sus les tableaux TLAC1, TLAC2, TLAC3, GSIB1, KM2 ainsi que les tableaux-modèles concernant les Publications par les banques d’importance systémique • Les banques systémiques non actives à l’échelle internationale (D-SIB) et les banques systémiques actives à l’échelle internationale (G-SIB) publient impérativement en sus les données concernant les risques financiers liés au climat selon l’annexe 5. La publication des tableaux obligatoires et de l’annexe 5 doit survenir conformément à la fréquence prévue. La banque qui estime que les informations à publier dans un tableau donné ne sont pas pertinentes au sens du Cm 25, en particulier car il s’agit de données insignifiantes, peut s’abstenir de les publier ou ne les publier que partiellement. Si la banque estime que les données ne sont pas pertinentes ou pas matérielles, elle le justifie dans ses documents internes.
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(Cm 56) La publication des risques financiers liés au climat pour les banques systémiques non actives à l’échelle internationale (D-SIB) et les banques systémiques actives à l’échelle internationale (G-SIB) doit avoir lieu pour la première fois dans le rapport annuel sur l’exercice 2021.
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(Annexe 5, Cm 1) Les banques des catégories de surveillance 1 et 2 publient chaque année des informations sur la gestion des risques financiers liés au climat dans le cadre de leur rapport annuel.
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To allow investors to assess the quality and format of exclusion criteria, asset managers should publish the following information: 1. Name of the sustainable investment approach. 2. List of all business areas/products/incidents leading to exclusion. 3. The revenue threshold at which a specific business activity can trigger exclusion. 4. Criteria dictating when negative business practices lead to exclusion. 5. Description of the benchmark used: how is exclusion reflected in the index. 6. Percentage of a benchmark not considered investible from the outset based on the defined screening criteria.
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For investors to be able to assess the quality and configuration of sustainable thematic investments, asset managers should publish the following information: 1. Name of the sustainable investment approach. 2. Naming the sustainability theme(s) addressed by the fund. Helpful reference points here include the UN Sustainable Development Goals, or a taxonomy of sustainable economic activities. 3. Information on criteria defined as a condition for an investment and details on how such a theme is actually operationalised. 4. Information on the minimum revenue threshold for a company to become eligible for the theme. 5. Percentage of the portfolio that can be allocated to the themes identified.
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For investors to be able to assess the quality and configuration of impact investments, asset managers should publish the following information: 1. Name of the sustainable investment approach. 2. Description of the intended impacts (via a “Theory of Change”). 3. Key performance indicators (KPIs) that illustrate the actual impact achieved. 4. Applied standards underlying the operational management and measurement of impacts (e.g. the IFC’s “Operating Principles for Impact Management”).
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For investors to be able to assess the quality and configuration of active ownership, asset managers should publish the following information: 1. Name of the sustainable investment approach. 2. Publication of the voting rights policy. 3. Proportion of the share portfolio for which voting rights were actively exercised. 4. Percentage of votes that did not support the board‘s recommendation. 5. Breakdown of negative votes by topic.

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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.

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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.
La présente circulaire concrétise l’art. 16 de l’ordonnance sur les fonds propres (OFR ; RS 952.03) et l’art. 17e de l’ordonnance sur les liquidités (OLiq ; RS 952.06). Cette circulaire définit en outre les devoirs de publication en matière de gouvernance d’entreprise, de risque de taux et de rémunérations. Elle désigne les banques et maisons de titres tenant des comptes ainsi que les groupes financiers (ci-après désignés par « banques ») soumis aux exigences de publication financière et décrit l’étendue de leurs obligations.
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La présente circulaire concrétise l’art. 16 de l’ordonnance sur les fonds propres (OFR ; RS 952.03) et l’art. 17e de l’ordonnance sur les liquidités (OLiq ; RS 952.06). Cette circulaire définit en outre les devoirs de publication en matière de gouvernance d’entreprise, de risque de taux et de rémunérations. Elle désigne les banques et maisons de titres tenant des comptes ainsi que les groupes financiers (ci-après désignés par « banques ») soumis aux exigences de publication financière et décrit l’étendue de leurs obligations.
This circular expands on Articles 111a and 203a of the Insurance Supervision Ordinance (ISO; SR 961.011) on the financial condition report of supervised insurance companies, groups and conglomerates. It describes the basic contents and structure of the financial condition report and the minimum requirements for the type and contents of the disclosure.
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This circular expands on Articles 111a and 203a of the Insurance Supervision Ordinance (ISO; SR 961.011) on the financial condition report of supervised insurance companies, groups and conglomerates. It describes the basic contents and structure of the financial condition report and the minimum requirements for the type and contents of the disclosure.
The recommendations set out in this paper are directed at the asset management industry with the intention to build a bridge between asset managers, other financial service providers and endinvestors. It focuses on the products designed by the fund and asset management industry and sold by financial service providers to investors. and has three main goals: • Define the various sustainable investment approaches and instruments in more detail and set minimum criteria for the implementation of each of them. • Specify minimum requirements for investor information on the different investment approaches and instruments. • Identify which of these sustainable investment approaches satisfy the three main sustainable investor goals most effectively.
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The recommendations set out in this paper are directed at the asset management industry with the intention to build a bridge between asset managers, other financial service providers and endinvestors. It focuses on the products designed by the fund and asset management industry and sold by financial service providers to investors. and has three main goals: • Define the various sustainable investment approaches and instruments in more detail and set minimum criteria for the implementation of each of them. • Specify minimum requirements for investor information on the different investment approaches and instruments. • Identify which of these sustainable investment approaches satisfy the three main sustainable investor goals most effectively.
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.
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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.
FINMA aims, to the extent that it is empowered to do so, to protect investors and clients from improper business conduct and to ensure that they are not deceived regarding the alleged sustainability of products and financial services. In relation to the management of sustainability-related collective investment schemes, FINMA’s focus in preventing and combating greenwashing is on the following areas: i. sustainability-related information at the fund level and ii. suitable organisational structure at the institutional level for managing such products.
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FINMA aims, to the extent that it is empowered to do so, to protect investors and clients from improper business conduct and to ensure that they are not deceived regarding the alleged sustainability of products and financial services. In relation to the management of sustainability-related collective investment schemes, FINMA’s focus in preventing and combating greenwashing is on the following areas: i. sustainability-related information at the fund level and ii. suitable organisational structure at the institutional level for managing such products.
This Report on ESG risks management and supervision provides a comprehensive proposal on how ESG factors and ESG risks should be included in the regulatory and supervisory framework for credit institutions and investment firms. It provides institutions with common definitions of ESG risks and their transmission channels and identifies evaluation methods that are needed for effective risk management.

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This Report on ESG risks management and supervision provides a comprehensive proposal on how ESG factors and ESG risks should be included in the regulatory and supervisory framework for credit institutions and investment firms. It provides institutions with common definitions of ESG risks and their transmission channels and identifies evaluation methods that are needed for effective risk management.
Ce texte définit l’encadrement du reporting extra-financier des établissements, en particulier les informations à publier sur la prise en compte dans leur stratégie d’investissement des objectifs et critères ESG, ainsi que sur les moyens mis en œuvre pour contribuer à la transition énergétique et écologique (incl. la biodiversité) à date et au sein d’un plan d’amélioration.

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Ce texte définit l’encadrement du reporting extra-financier des établissements, en particulier les informations à publier sur la prise en compte dans leur stratégie d’investissement des objectifs et critères ESG, ainsi que sur les moyens mis en œuvre pour contribuer à la transition énergétique et écologique (incl. la biodiversité) à date et au sein d’un plan d’amélioration.
This Delegated Act to Mifid 2 introduces sustainability factors to be implemented into product governance obligations for investment firms, as well as product governance obligation for distributors. Product governance requirements (integration of sustainability factors into the product governance obligations)
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This Delegated Act to Mifid 2 introduces sustainability factors to be implemented into product governance obligations for investment firms, as well as product governance obligation for distributors. Product governance requirements (integration of sustainability factors into the product governance obligations)
This Delegated Regulation introduces sustainability factors to be implemented into policies and procedures for MifiD investment firms in the EU, EU Alternative Investment Fund Managers and EU UCITS management companies. General ESG requirements (integration of sustainability factors, risks into organizational requirements) & Sustainability preference regime
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This Delegated Regulation introduces sustainability factors to be implemented into policies and procedures for MifiD investment firms in the EU, EU Alternative Investment Fund Managers and EU UCITS management companies. General ESG requirements (integration of sustainability factors, risks into organizational requirements) & Sustainability preference regime
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.
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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.
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.
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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.
The regulation aims to provide information to end-investors about financial products’ investments in environmentally sustainable economic activities, providing them with comparable information to make informed investment choices; and establish a single regulation for sustainability information under the GDPR and the Taxonomy Regulation
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The regulation aims to provide information to end-investors about financial products’ investments in environmentally sustainable economic activities, providing them with comparable information to make informed investment choices; and establish a single regulation for sustainability information under the GDPR and the Taxonomy Regulation
Released by the OSFI (or BSIF in french), this paper focuses on risks arising from climate change that can affect the safety and soundness of federally regulated financial institutions (FRFIs) and federally regulated pension plans (FRPPs). Climate-related risks can affect theirs safety and soundness by driving financial, strategic and operational risks and by affecting a FRFI’s reputation. For FRFIs, OSFI agrees guidance on climate-related risks should be principles-based and consider the Canadian context as well as international developments and for FRPPs, OSFI will continue collaborating with the Canadian Association of Pension Supervisory Authorities to develop guidance on integrating ESG factors in pension investment decisions.
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Released by the OSFI (or BSIF in french), this paper focuses on risks arising from climate change that can affect the safety and soundness of federally regulated financial institutions (FRFIs) and federally regulated pension plans (FRPPs). Climate-related risks can affect theirs safety and soundness by driving financial, strategic and operational risks and by affecting a FRFI’s reputation. For FRFIs, OSFI agrees guidance on climate-related risks should be principles-based and consider the Canadian context as well as international developments and for FRPPs, OSFI will continue collaborating with the Canadian Association of Pension Supervisory Authorities to develop guidance on integrating ESG factors in pension investment decisions.
Ce document présente les attentes BCE en matière de gestion et de déclaration des risques liés au climat et à l’environnement dans le cadre prudentiel actuel, à destination des établissements de crédit. En particulier, le guide décrit les attentes relatives à l’articulation et l’intégration de ces risques aux modèles opérationnels et à la stratégie, à la gouvernance et à l’appétence pour le risque. Il précise également les attentes BCE de transparence de la communication des établissements sur ces risques.

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Ce document présente les attentes BCE en matière de gestion et de déclaration des risques liés au climat et à l’environnement dans le cadre prudentiel actuel, à destination des établissements de crédit. En particulier, le guide décrit les attentes relatives à l’articulation et l’intégration de ces risques aux modèles opérationnels et à la stratégie, à la gouvernance et à l’appétence pour le risque. Il précise également les attentes BCE de transparence de la communication des établissements sur ces risques.