Financial Regulation: Weekly Update. March 05, 2021

Summary

In this publication you will find, on a weekly basis, our selection of the most relevant news regarding financial regulation.

Key points

• Key points:
• EBA issues a consultation on Pillar 3 disclosures of ESG risks and issues advice to the EC on KPIs for environmentally sustainable activities including a Green Asset Ratio (GAR)
• ECB issues guidelines for assessing penalties for regulatory breaches
• EBA issues final guidelines on ML/TF risk factors, and a biennial opinion with an interactive tool
• European Commission adopts regulatory technical standards to identify economic downturns
• IOSCO issues its work program for 2021

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