ComplyTaxonomy.EU’s Post

The latest edition of the #KPMG #RegulatoryBarometer has landed! The Barometer identifies the key pressure areas across the evolving European regulatory landscape for #financialservices and measures the impact of the change on firms. Read the full report to learn more: https://social.kpmg/8swm9a #FinancialRegulation

Check the latest edition of the KPMG Regulatory Barometer! The Barometer identifies the key pressure areas across the evolving UK and EU regulatory landscape for Financial Services and measures the impact of the change on firms. Report highlights include: 📈 Regulatory responses to economic uncertainty and emerging risks and opportunities 🖋️ EU: UK regulatory alignment and divergence 💡 Key considerations for firms Read the full report: https://lnkd.in/ejAfXWZA #KPMGRegulatoryBarometer #kpmgportugal #kpmgforensic

The latest edition of the KPMG Regulatory Barometer has landed! The Barometer identifies the key pressure areas across the evolving UK and EU regulatory landscape for financial services and measures the impact of the change on firms. Report highlights include:  📈 Regulatory responses to economic uncertainty and emerging risks and opportunities 🖋️ EU:UK regulatory alignment and divergence 💡 Key considerations for firms  Read the full report: https://lnkd.in/eZb-Vp2v    #FinancialRegulation #KPMGRegulatoryBarometer

The latest edition of the KPMG Regulatory Barometer has landed! The Barometer identifies the key pressure areas across the evolving UK and EU regulatory landscape for financial services and measures the impact of the change on firms. Report highlights include: 📈 Regulatory responses to economic uncertainty and emerging risks and opportunities 🖋️ EU:UK regulatory alignment and divergence 💡 Key considerations for firms Read the full report: https://lnkd.in/exVW2j5X    #regchange #financialRegulation #KPMGRegulatoryBarometer

The latest edition of the #KPMG #RegulatoryBarometer has landed! The Barometer identifies the key pressure areas across the evolving UK and EU #regulatory landscape for #financialservices and measures the impact of the change on firms. Report highlights include, regulatory responses to economic uncertainty and emerging risks and opportunities, EU:UK regulatory alignment and divergence, and key considerations for firms. #FinancialRegulation #KPMGRegulatoryBarometer

Checkout the link to Pulsora's latest blog post: "The Ultimate Guide to SFDR Reporting and Compliance" Sneak peek of some content... What are the disclosure requirements for SFDR? Principal adverse impacts (PAI): SFDR disclosures require financial market participants and advisors to report how their operations affect sustainability and what actions they take or plan to take to mitigate those affects. Sustainability risks: SFDR disclosures also allow organizations the opportunity to report how sustainability risks outside their direct control affect their operations https://lnkd.in/gn3AbAsP

By 2028, 50,000 companies will be subject to #sustainability reporting under #CSRD. With more reported data flowing into the market, financial institutions need to develop mechanisms for ingesting and processing the data. Learn all about CSRD and its impact on financial markets in this research led by Gabriele Rossi: https://lnkd.in/dD4-F_gQ #CSRD | #techforgood

The latest edition of the KPMG Regulatory Barometer has landed! Two highlights in particular for me: 💹 Financial resilience has overtaken ESG and Sustainable Finance as the top scoring theme of regulatory pressure for firms. This reflects the broader macroeconomic and political mood music in both areas. 📜 Governance has been an important but relatively low scoring pain. In this edition, however, we've seen an uptick in scrutiny reflecting the tendency for regulators to require firms to assign SMF responsibility, evidence NED challenge and have board sign off within each incoming policy file. In insurance, Consumer Duty board report, Matching Adjustment attestations, SMF responsibility for Solvent Exit planning and board responsibility of Funded Re are recent examples.

A quick guide to navigate #csrdreporting - As many companies in the EU prepare for CSRD/ESRS reporting, managing the disclosure requirements can seem overwhelming. Here are some recommendations to assist you and your organization in this preparation: 📍Framework Mapping and Gap Assessment For companies required to publish CSRD/ESRS disclosures in FY25, it's essential to recognize the interoperability with other frameworks like GRI, SASB, TCFD, ISSB, EU Taxonomy, and local stock exchange reporting guides. Conduct a framework mapping and gap assessment exercise. 👓 Material Topics Assessment Identifying and finalizing material topics is crucial. Perform a double materiality assessment as outlined in ESRS 1, focusing on both impact materiality and financial materiality. Financial materiality can be assessed qualitatively or quantitatively. Ensure clear disclosures of the approach adopted. 🔍 Disclosure Requirements Analysis Examine the disclosure requirements under each ESRS standard based on your material topics assessment. Remember, not all standards will apply, which can be a relief! 🎯 Setting Targets and Monitoring Progress Establishing ESG KPIs and tracking progress against them is key to effective reporting. Don't panic if no targets established, this is a start and disclose the organization’s plans on targets and roadmap. ⛓️ Value Chain Analysis Conduct a thorough analysis of sustainability matters related to your value chain, including Scope 3 emissions, policies for suppliers or vendors and monitoring, etc. 🛂 Integrating Internal Controls Extend your internal control framework to sustainability reporting. The three lines of defense model is just as important for non-financial reporting (NFR) as it is for financial reporting (FR). This will enable audit trail and a less onerous assurance processes. By developing a step-by-step action plan along with a clear roadmap, you can navigate CSRD reporting more effectively. Data quality and aggregation of the numerous data points - qualitative and quantitative would be a challenge that needs careful project management techniques. Not to forget, a balance is needed to effectively communicate the sustainability efforts to all the stakeholders without over emphasis (stick to true facts and avoid painting unrealistic green picture). As pointed by the German Justice Minister - “In the meantime, he told companies and supervisors to “use some common sense. Our single most important message at the moment is: let's make sure that we implement these standards in a proportionate and in a pragmatic way.” #csrd #esrs #reporting #digitaltools #netzero

Sharpfin spoke with Björn Wendleby, Lawyer and co-founder of Harvest Advokatbyrå on how digitalisation has transformed work on regulatory compliance, EU’s green taxonomy, and the importance of effective digital system support for requirements management. Read the full article: https://lnkd.in/d7pJqT-m Three highlights from the article: ➡️ Due to the digitalisation and transparency, that has resulted from the whole world’s information now being just a click away, the rules and guidelines that asset managers have to comply with have also increased. It’s starting to become extremely difficult for someone to do this manually, it’ll be downright impossible to manage this without digital tools. ➡️ The complexity of regulations associated with, for example, the EU’s new green taxonomy, means that you become dependent on good digitalised system support. If you want to keep up, you need to have access to extremely good digital systems to manage your portfolio and ensure compliance with relevant rules. ➡️ In addition to interpreting regulations, wealth managers need to anticipate change ahead of time – and understand the importance of good, digital system support to address change. This isn’t something that can be done manually: future regulatory frameworks will be impossible to navigate without digital tools. #WealthManagement #WealthManagementPlatform #Digitalisation