Non-financial reporting
November 2022 - The first non-financial reporting is another important step on the way to more sustainability of the economy and the financial sector. Time is pressing: It must be approved and published by 2024 at the latest.
Banking blog
Welcome to our banking blog! You find here current topics from the financial industry and our latest surveys. Enjoy reading.
Banks grapple with GAR objectives
September 2022 - In force since 1 January 2022, the European Union’s Taxonomy regulation aims to support the market for green finance. More specifically, greater transparency in the market will help prevent greenwashing by providing information to investors about the environmental performance of assets and economic activities of financial and non-financial information.
Pilot opens pathway for blockchain technology
September 2022 - A new regulation introducing a pilot scheme based on blockchain technology is set to come into force on 23 March 2023.
Swiss Banking on the way to sustainable finance?
August 2022 - In June 2022, the Swiss Bankers Association has issued new guidelines stipulating minimum requirements for integrating sustainability criteria into investment and mortgage advice. Will the Swiss financial centre thus become an international pioneer for sustainable finance?
Results of the ECB 2022 climate risk stress test
August 2022 - The first supervisory climate risk stress test (2022 CST) conducted by the European Central Bank (ECB) has concluded with official results and findings made public on 8 July 2022.
Fintech licence: A competitor for banks?
July 2022 - The constant change in the Fintech sector is driving the development of new business models and tools. Since 1 January 2019, companies can acquire a banking licence "light" with the so-called Fintech licence. This is groundbreaking in international comparison.
Revision of the MLA - Know your Customer
May 2022 - On 1 July 2022, the revised Money Laundering Act (AMLA) is to enter into force. In addition to lowering the threshold for trading in precious metals and gems, the law provides for partly comprehensive adjustments around the identification and verification of the beneficial owner.
The fintech licence - a booster for Switzerland?
March 2022 - In order to reduce the market entry hurdles for fintech companies and, to strengthen the attractiveness and competitiveness of the Swiss financial marketplace, the Fintech banking licence was created. How should this licence be classified and what do interested companies need to bear in mind when applying for it?
The move to mandatory sustainability disclosure
February 2022 - Sustainability disclosure and reporting standards aim to foster transparency of banks’ environmental, societal and governance (ESG) risks, opportunities and impacts. Disclosures seek to explain the implications of ESG matters on banks’ business performance and risks, enhance portfolio transparency and overall exposure for external stakeholders, and describe how ESG is managed.
Sustainability and climate risk
January 2022 - The growing importance of sustainability issues and the role of credit institutions in financing transformation places climate and environmental risks at the core of regulatory and supervisory scrutiny today. For some years now, the Network for Greening the Financial System (NGFS), comprising central banks and national supervisory authorities, has been working to enhance sustainability...
An evolving sustainability governance landscape
January 2022 - Banks have been steadily allocating formal responsibility for sustainability-related matters within their board and management functions and adopting specific oversight processes. However, those responsibilities and who is accountable can differ depending on the prevailing regulatory environment, geographic location or board and management’s preferences.
Responsible banking practices study 2021
December 2021 - Financial institutions increasingly recognise that climate change and other environmental, social and corporate governance risks jeopardise the world’s economy and financial system.
The FSOC weighs in on climate risk
November 2021 - On October 21, 2021, the Financial Stability Oversight Council (FSOC) released a comprehensive Report on Climate-Related Financial Risk, which included, among other things, a number of targeted recommendations for US regulators.
2021 financial reporting of European banks study
October 2021 - How did Covid-19 affect the 2021 half-year results of European banks?
The road to implementing the Basel agreements
October 2021 - The unveiling of the new banking package “CRR3 – CRD6” on 27 October 2021 presents a further landmark on the road to implementing the final Basel III agreements. The regulatory scheme will also focus on the revision of the market risk framework from January 2019, as well as the latest developments in pillar 3 requirements.
Banking consolidation in Europe what can we expect
September 2021 - The low level of banking consolidation in Europe compared to other countries is raising concerns among the supervisory community in Europe. It is a trend further reinforced after the financial crisis of 2007/2008 that produced a noticeable slowdown in consolidation operations in the EU. So what has been the impact, and what can we expect in the future?
ESG investing: Three risks to consider
September 2021 - The continued popularity of funds with an environmental, social and governance (ESG) focus has put global ESG assets on track to exceed $53tn by 2025, up from nearly $38tn at the end of 2020.
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