Banks as key players in financing the transition to a sustainable economy support the Commission proposal that aims to ensure that financial market integrate ESG considerations into the investment and advisory process in a consistent manner and provide investors with related information.
In our comments to the rapporteur Paul Tang, we challenge the extension of the scope of the Regulation to lending activities. The scope should, as originally proposed, remain limited to the management of environmentally sustainable investments or provision of related advisory services to clients. Banks will be in the scope of the Regulation in their capacity as investments’ managers or providers of advisory services. Provision of credit should be left out from the scope of this Regulation and discussed separately.
We carried out a regulatory mapping exercise of crypto-assets that led to the conclusion that EU legislation would be needed in this area. We welcome the initial work done by central banks on assessing the merits of central bank digital currencies. #WEF20
The @EU_Commission intends to propose 🇪🇺 legislation later this year on a common approach to crypto-assets, including stablecoins. We need to act quickly. Already launched a public consultation on how these rules should look, everybody can contribute. It is open until 19 March‼️
It was a pleasure to share the stage with @blackrock CEO Larry Fink today! We had a great discussion about the role of the financial sector in tackling #inequality and #climate related risks. Watch it here: https://t.co/mHW5yMkLvx
The EBF is the voice of the European banking sector, bringing together national banking associations from 45 countries. The EBF is committed to a thriving European economy that is underpinned by a stable, secure and inclusive financial ecosystem, and to a flourishing society where financing is available to fund the dreams of citizens, businesses and innovators everywhere.
56 Avenue des Arts
The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.