Björn Ebert’s Post

In preparation for the Corporate Sustainability Reporting Directive (CSRD), major European banks are gearing up, and we've performed benchmark studies on their progress. In this video, Hesse McKechnie is joined by Jelske Hondema and Benjamin U-Guan A. and will share, among others, results from the research study and benchmark of 15 European financial institutions; approaches and considerations around kickstarting the CSRD journey; practical insights and lessons learned lessons learned; as well as some thoughts on the road ahead. https://deloi.tt/48ZMOBX #CSRD

On July 16, 2024, the Financial Stability Board (FSB) released proposed recommendations to address data flow frictions and enhance regulation and supervision in cross-border payments. This initiative is part of the G20's roadmap to achieve faster, cheaper, more transparent, and inclusive cross-border payments by 2027. Key Proposals: - Data Framework Alignment: Recommendations to address challenges in data frameworks that affect the cost, speed, transparency, and accessibility of cross-border payments. - Regulatory Consistency: Strengthening consistency in regulating and supervising both bank and non-bank payment service providers (PSPs) to ensure a level playing field and reduce regulatory arbitrage. - Collaborative Forum: Establishment of a forum for cross-sectoral collaboration on data issues related to cross-border payments. Public Consultation: - Feedback Period: Comments are invited until September 9, 2024. - Participation: Stakeholders can submit responses through online forms available on the FSB website. The FSB's efforts aim to enhance the global cross-border payments landscape, supporting financial stability and improving access to financial services. Stay informed with the latest financial regulatory updates from Global Regulatory Insights! #CrossBorderPayments #FSB #G20 #FinancialStability #RegulatoryUpdate #Fintech #GRI

Standardizing #transitionplans for companies is crucial for ensuring a smooth and consistent greener economy. It helps promote fairness, credibility, transparency, and accountability for the country NDC and involves its financial sector, and the real economy. Did you know that ISSB is already working on harmonizing #transitionplans disclosures, and the European Banking Authority (EBA) is currently working on guidelines covering prudential #transitionplans and the supervisory process?

The International Committee on Credit Reporting (ICCR), together with The World Bank, Bank for International Settlements – BIS, and the Central Bank of Brazil have organized in the past days the first Regional Consultative Group - RCG - in the Latham & Caribbean region.🌍 They prompted the credit reporting industry for innovation to face the new challenges that the financial world is enduring - openfinance, alternative data, sustainability, digital lending and new technologies were part of the discussions. Luis Carmona - Sáenz de Sicilia , one of 𝗙𝗘𝗕𝗜𝗦 𝗩𝗶𝗰𝗲-𝗽𝗿𝗲𝘀𝗶𝗱𝗲𝗻𝘁𝘀, participated in the panel on “leveraging credit reporting to promote climate risk monitoring”, noting the big impact that companies are managing to comply with new ESG regulations, notoriously in the EU. 💡 Yesterday, the ICCR plenary took place at the central bank of Brazil headquarters to continue this essential debate to conclude guidelines to help shaping the future of credit reporting and financing frameworks.📈 #FEBIS #businessinformation #creditreporting #innovation #openfinance #alternativedata #sustainability #ESG #technology

AFME has submitted a response to the European Banking Authority (EBA)'s consultation on Draft Guidelines on the management of ESG risks. We would emphasise that the proposed guidelines should take a proportionate and phased approach towards implementation, and avoid over-prescribing how banks should manage their ESG risks. We would also urge the EBA to ensure coherence with other EU and international regulation and standards, to ensure that banks can work towards a clear framework. Read the full consultation response here: https://bit.ly/4b0r8XD

📄 The new EU banking package (#CRR3/ #CRD6) amending the Capital Requirements Regulation and Directive includes extensive provisions on the management, reporting, disclosure, governance and supervisory review of the environmental, social and governance (#ESG) risks of EU banks, but no immediate requirement to apply a supporting or penalising factor to own funds requirements for exposures to take account of the impact of ESG factors. Read the full blog 👉https://lnkd.in/ea2adRDU

RiskSpan is proud to be a Private Credit Summit Sponsor at Global ABS 2024 in Barcelona next week. Catch Suhrud Dagli's panel covering: - What 'private credit' is and how these sectors interact: Asset-Backed Finance (ABF), Direct Lending, Specialty Finance, NAV and Fund Finance - Macroeconomic and geopolitical factors impacting the private credit space; interest rates, inflation, recessionary pressures, and increased scrutiny from regulators. - Current landscape and sectoral review. Expected developments for fundraising, investor appetite, capital deployment, manager selection and LP/GP strategies. - Reflections on ‘bank disintermediation’ versus bank collaboration. - Assessment of manager strategies and approaches to ESG integration. Transparency, Data, Analytics, and Frameworks. #privatecredit

RiskSpan is proud to be a Private Credit Summit Sponsor at Global ABS 2024 in Barcelona next week. Catch Suhrud Dagli's panel covering: - What 'private credit' is and how these sectors interact: Asset-Backed Finance (ABF), Direct Lending, Specialty Finance, NAV and Fund Finance - Macroeconomic and geopolitical factors impacting the private credit space; interest rates, inflation, recessionary pressures, and increased scrutiny from regulators. - Current landscape and sectoral review. Expected developments for fundraising, investor appetite, capital deployment, manager selection and LP/GP strategies. - Reflections on ‘bank disintermediation’ versus bank collaboration. - Assessment of manager strategies and approaches to ESG integration. Transparency, Data, Analytics, and Frameworks. #privatecredit

RiskSpan is proud to be a Private Credit Summit Sponsor at Global ABS 2024 in Barcelona next week. Catch Suhrud Dagli's panel covering: - What 'private credit' is and how these sectors interact: Asset-Backed Finance (ABF), Direct Lending, Specialty Finance, NAV and Fund Finance - Macroeconomic and geopolitical factors impacting the private credit space; interest rates, inflation, recessionary pressures, and increased scrutiny from regulators. - Current landscape and sectoral review. Expected developments for fundraising, investor appetite, capital deployment, manager selection and LP/GP strategies. - Reflections on ‘bank disintermediation’ versus bank collaboration. - Assessment of manager strategies and approaches to ESG integration. Transparency, Data, Analytics, and Frameworks. #privatecredit

RiskSpan is proud to be a Private Credit Summit Sponsor at Global ABS 2024 in Barcelona next week. Catch Suhrud Dagli's panel covering: - What 'private credit' is and how these sectors interact: Asset-Backed Finance (ABF), Direct Lending, Specialty Finance, NAV and Fund Finance - Macroeconomic and geopolitical factors impacting the private credit space; interest rates, inflation, recessionary pressures, and increased scrutiny from regulators. - Current landscape and sectoral review. Expected developments for fundraising, investor appetite, capital deployment, manager selection and LP/GP strategies. - Reflections on ‘bank disintermediation’ versus bank collaboration. - Assessment of manager strategies and approaches to ESG integration. Transparency, Data, Analytics, and Frameworks. #privatecredit